New Leases – IGA and Chemist Warehouse
3 William Dean Avenue, Urangan QLD
Property Highlights
Description
Chemist Warehouse lease renewed in advance, new 3 year lease from August 2019 with options to August 2025
Fully leased retail anchored by IGA
and Chemist Warehouse with 4 other tenants incl. The Bottle-O Liquor Store, Medical Centre, Dentist and Hairdresser
Recently renewed 10 year lease to IGA expiring June 2027
Multi-tenanted investment
Key corner site at the only entrance to the Hervey Bay Airport and Industrial Park with 3 street frontages
Only ten minutes drive to Hervey Bay Boat Harbour and strategically positioned on Booral Road, a main arterial and frequently used route which intersects with Maryborough Hervey Bay Road
Excellent delivery access to rear loading bays
Substantial on-grade lined car parking
Adjoins BP Service Station
Qld Government population projections estimate the Fraser Coast region’s population will grow from 101,504 (2016 Census) to a projected 164,143 by 2031
Net Income: $309,898 pa + GST
Property Details