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8% Yield Expected – 6 Year lease to national brand tenant

14 Stockland Drive , Kelso NSW

Property Highlights

Long term secure tenant
National brand (34 stores)
Renewed 6 year lease

Description

Adjacent to recently expanded Bunnings, Officeworks, Good Guys, Supercheap & others
Tenant trading in centre since 2011
Furniture One: national brand retailer with 34 stores

Auction
11am AEST Tuesday 17 September 2019
Doltone House Hyde Park, Sydney

Leased to December 2024 + options to December 2030
Kelso: Bathurst’s major growth centre (population & bulky goods), substantial recent Govt. infrastructure investment
Bathurst: strong resident population of 42,231, generating GRP of $1.97 billion; population expected to swell by 25% (10,000+ residents) by 2036
Substantial 1,275 sqm building area
Easily managed single tenant investment
Fixed 3.5% annual rent increases (net income $182,267 in 2023)

Net Income: $158,836 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
1,294 SQM
Building Area
1,275 SQM

Price

Contact Agent

Contact Agents

Michael Gilbert

+610 430 024790

Contact Me

Rhys Parker

0451 101 042

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