15 Year Triple Net Lease to Coles Express

130-132 edward street, ayr

Price: $4,000,000

Property Details

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.

Featured Details

Current Tenant Tenanted
Gross Building Area 80 sqm
Land Size 2,015 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC000972

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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