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
Service Station
Land Size
2,015 SQM
Gross Building Area
80 SQM

Contact Agents

Jamie Perlinger

0413 860 315

Scott Meighan

0413 830 709

Craig Chapman

0427 110 132

Doug Doyle

0400 564 623

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