ASX Listed Tenant | James Street Retail Precinct
4/18 Wandoo Street , Fortitude Valley QLD
Burgess Rawson is pleased to offer to the market 4/18 Wandoo Street, Fortitude Valley QLD for sale via an Expressions of Interest Campaign as a part of our Investment Portfolio 165.
The property has the following investment highlights:
+ Eight (8) year head office lease to 2028 plus one (1) further five (5) year option 2033
+ Kathmandu: KMD Brands Limited (KMD, formerly Kathmandu Holdings Limited), an ASX-listed outdoor lifestyle & sports company consisting of three iconic brands: Kathmandu, Rip Curl and Oboz
+ Current market cap of $597.53 million with 325 retail stores worldwide and employs over 4,000 people
+ Annual fixed compounding 3% rent increases, ensuring certain income growth
+ Commanding high exposure 535sqm* corner site directly across from James Street Market Place & Centro on James supported by 23 high-end speciality retailers
+ Positioned within the heart of metropolitan Brisbane James Street retail precinct, home to Brisbane’s top brands, bars and restaurants. The property is also walking distance to the Calile Hotel, the Newstead Residential Precinct (2,500+ apartments) and the Gasworks Residential Precinct (3,600+ apartments)
+ Brisbane: booming capital city and economic engine of the $409 billion* Queensland economy, population forecast to grow 40% in the next 20 years to 3.5 million* residents
+ Net Income: $271,493 pa* + GST
For Sale by Expressions of Interest Campaign closing 3:00pm AEST Tuesday 5 December 2023.
Please contact the exclusively appointed Burgess Rawson team for more information.