Coles Express Investment – Net Lease & Fixed Rent Increases
130-132 Edwards Street , Ayr QLD
Property Highlights
Fixed annual 3% rent increases
Tenant pays all outgoings
100m to supporting Coles Supermarket
Description
15 year lease to 2029 plus options to 2044.
Fixed annual 3% rent increases plus ratchet provisions at options.
Tenant pays all outgoings including land tax.
Coles Express: 685 outlets across the country and subsidiary of new ASX Top 20 company Coles Group – Market cap $17b.
Strategic town centre site between Woolworths and Coles Supermarket.
Significant 2,015 sqm corner site with dual frontage totalling 89m.
Potential upside with previous Development Approval for fast food tenancy including drive-thru.
Ayr: Commercial hub of the Burdekin Delta – Australia’s largest sugar producing region.
Net Income: $324,596 pa + GST
For Sale by Private Treaty
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
2,015 SQM
Building Area
80 SQM