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Rare Freehold Car Wash Adjoining 7-Eleven & ALDI | 15 Year Net Lease to 2035

234 Parklands Boulevard , Meridan Plains QLD

Property Highlights

Outstanding depreciation benefits
Tenant pays all outgoings incl land tax
Fixed 3% annual rent increases
Register to Bid

Description

Burgess Rawson is pleased to offer to the market the Parklands Car and Dog Wash located at 234 Parklands Boulevard, Meridan Plains QLD for sale via our Investment Portfolio Auction 162.

This opportunity has the following key investment highlights:

+ Fifteen (15) year net lease to 2035 plus two (2) further five (5) year options to 2045
+ Annual fixed compounding 3% rent increases, ensuring certain income growth
+ Investor preferred net lease structure with the tenant paying all outgoings including land tax
+ Rare freestanding 24-hour car wash facility constructed in July 2020 offering outstanding tax depreciation benefits
+ Ultra-modern car wash facility with 2 automatic bays, 4 self service bays, 7 vacuum/drying bays and 2 dog wash bays
+ Strategically positioned 1,771sqm* freehold site directly adjoining 7-Eleven, ALDI and Meridan State School servicing 2,500* full time students
+ Sunshine Coast: one of Australia’s fastest growing regional areas with a population over 377,000, forecast to grow to by 33% to over 500,000 by 2041
+ Net Income: $136,591 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 3 August 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,771 SQM
Building Area
1 SQM

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