SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Metro Brisbane Convenience Retail Investment Leased to Global Energy Giant

273-279 Gympie Road , Kedron QLD

Property Highlights

Secure 18 year net lease to 2035
Land tax recoverable
Annual 3% rent increases
Register to Bid

Description

+ Secure 18-year net lease to 2035 plus options to 2075.
+ Chevron Corporation (NYSE: CVX): Major global energy company, with a market cap of $257 Billion and over 360 sites nationally. *
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance and Land Tax.
+ Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation.
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ High profile 1,604 sqm gateway site with direct frontage and exposure to Gympie Road.
+ Gympie Road, an important 4 lane arterial linking the Brisbane CBD to the northern suburbs, Sunshine Coast and the east coast of Queensland – servicing over 70,000 vehicles daily. **
+ Strategically located within Brisbane’s inner-city northern retail corridor anchored by Westfield Chermside, Coles & ALDI supermarkets, Bunnings Warehouse, JB Hi-Fi, Ford, Toyota, Volkswagen, KFC & Hungry Jacks all within 2km.
+ Surrounded by critical social infrastructure, including 26 schools within 3km servicing over 11,000 full time students. **
+ Brisbane: Home to the 2032 Olympic Games, set to undergo major economic growth.
+ The City of Brisbane: By 2031, population is forecast to grow by 24% to over 3,180,000. ***
+ Minimum management, essential service investment.
+ Estimated net rent: $247,612 pa*

To be sold by Investment Portfolio Auction: 
10:30am AEST Thursday 31 March 2022
The Hilton, Brisbane

*Chevron
**Gapmaps
***Choose Brisbane

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,604 SQM
Building Area
1 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights