Brand New 20 Year Triple Net Ground Lease to December 2040 + Options

16-18 Aquarium Drive, Hemmant QLD

Property Highlights

Rare Triple Net Ground Lease
Guaranteed rental growth
Ideal Passive Investment, No Outgoings

Description

+ Brand New 20 Year Triple Net Lease to 5 December 2040 plus options to 2055
+ Pacific Petroleum: A national network of over 50 service station plus bulk fuel depots
+ Brisbane 24hr Unmanned Diesel Facility ideally located between Brisbane CBD and the Port of Brisbane
+ The Ultimate Passive Investment – No landlord upkeep
+ Triple Net Lease Structure: Tenant pays all outgoings including Land Tax and management fees
+ Ground Lease: Tenant is responsible for all site maintenance and repairs to a capital and structural nature
+ Important two street frontages, highly convenient access for trucks and heavy vehicles
+ Guaranteed rental growth, minimum compounding 2.5% annual rent increases
+ Tenant responsible for site remediation
+ Hemmant: City of Brisbane suburb, ideally located between the CBD and the Port of Brisbane. The perfect location for an Unmanned 24hr Diesel facility with approximately 25% of the traffic being trucks or heavy vehicles. Brisbane’s population is over 2,400,000 and forecast to rapidly increase to 3,180,000 by 2031
+ Net Income: $130,000 pa + GST

Auction: 10.30 am AEDT, Wednesday 9 December 2020
Venue: Crown Casino, Melbourne (interstate bidding options available on the day)

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,620 SQM
Building Area
0 SQM

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