15 Year Triple Net Lease to Coles Express
130-132 Edward Street , AYR QLD
Description
New 15 year lease to 2029 plus options to 2044.
Coles Express: A subsidiary of Coles Group Limited with 642 outlets and wholly owned by Wesfarmers Limited, an ASX Top 10 Company.
Fixed annual 3% rental increases.
Potential upside: DA approved fast food/drive through outlet.
Strategic CBD site between Coles & Woolworths supermarkets.
Tenant pays all outgoings incl. Land Tax and building insurance.
Significant 2,015 sqm corner site with dual frontage totalling 89m.
Premier retail and commercial zoning.
Ayr is the commercial hub for the Burdekin Delta: Australia’s largest sugar producing region.
Substantial depreciation benefits.
Rent: $288,400 pa (as at June 2015).
Auction 11am AEST Wednesday 15 April.
River Room, Crown Casino, Melbourne.
Property Details