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Superb Quality Investment 10 Year Lease to ASX Listed Tenant
14 Forbes Street , Parkes NSW
Description
Secure lease of 10 + 5 + 5 years expiring in August 2037
Leased to Supercheap Auto, over 325 stores in Australia and NZ
Supercheap is part of ASX listed Super Retail Group incl. Rebel, BCF and Macpac
Auction
11am AEST Tuesday 17 September 2019
Doltone House Hyde Park, Sydney
As new premises built in 2017
Prominent 1,854 sqm highway site with 22 car spaces
Fixed 3% annual rent increases
Parkes: prosperous NSW town, 365 km from Sydney with strong industries incl. agriculture, medical, tourism, mining and transport infrastructure development
Parkes is a critical node on Melb-Bris Land & Rail project – $8.4 billion Government investment
Tenant pays all outgoings as per lease incl. management fees
Net income $153,830 + GST (increasing to $189,191 in 2026)
Property Details