High Yielding, Essential Service, Single Tenant Investment

177-187 Grey Street, St George QLD

Property Highlights

Renewed lease with options to 2030
Head lease to Nutrien Ag Solutions
Large 9,442sqm high profile site
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+ Renewed 3 year lease from 1 May 2021 through to 30 April 2024.
+ Two (2) further three (3) year options through till 2030.
+ Nutrien Ag Solutions is the largest distributor of both farming supplies and fertiliser in Australia.
+ Nutrien Ag Solution’s parent company, Nutrien, is the world’s largest provider of crop nutrients, feed, crop protection and services with a market cap of $33.907B.
+ A substantial 9,442 sqm corner allotment on the Carnarvon Highway, St George QLD.
+ CPI annual rental reviews with ratchet clause.
+ Important regional branch servicing large area, with the nearest Nutrien Ag Solutions supplier over 111km away.
+ Key industrial area on the Carnarvon Highway, with room to expand and value adding opportunities.
+ St George: Established business and service centre for the Balonne Shire with significant $350m agriculture industry.
+ Net Income $97,439.23 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Current Tenant
Occupancy Type
Land Size
9,442 SQM
Building Area
965 SQM

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