New Bunnings Warehouse Freehold Investment: Store Now Open

2 Walter Road, Kingaroy QLD

Property Highlights

New, freestanding store opened 31 May

Full 10 year lease term plus options

Includes 3,190 sqm land for expansion

Description

Brand new freestanding Bunnings Warehouse investment, store opened 31 May.
Bunnings: Arguably Australia’s best retailer with 15.5% average annual sales growth since 1995.
New 10 year lease plus 8 x 6 year options.
Annual 2.5% rent increases, ensuring strong and certain rental growth.
Bunnings pays all usual outgoings, including Land Tax.
Strategic 24,200 sqm highway site, future proof with 3,190 sqm of land for potential on-site expansion.
Significant depreciation benefits, estimated 56% rent potentially tax free in first year*.
Complementary surrounding tenancy mix including Harvey Norman, BCF, Ford, Hyundai, Nissan and Mitre 10.
Kingaroy: Robust commercial hub 155km* from Brisbane with estimated 32,555^ trade catchment, known as the Peanut Capital of Australia.
Net Income: $800,000 pa + GST.

For sale by Expressions of Interest
Closing 4pm Wednesday 19 June 2019
Contracts Now Available Upon Request

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* Napier and Blakeley

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
24200 Squaremeter
Gross Building Area
8014 Squaremeter

Contact Agents

Billy Holderhead

0422 817 696

Jamie Perlinger

0413 860 315

Beau Coulter

0413 839 898

Glenn Conridge

0413 873 337

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