Renewed 5 Year Lease to Viva Energy | Blue-Chip $5.4 Billion ASX200 Company

344-348 Ingham Road , Garbutt QLD

Property Highlights

High profile 2,206sqm* site
Favourable CPI annual reviews
4.5km* to Townsville CBD
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Description

Burgess Rawson is pleased to offer to the market 344-348 Ingham Road, Garbutt (Townsville) QLD for sale via our Investment Portfolio 167.

The property has the following investment highlights:

+ Recently renewed five (5) year lease to 2029 plus three (3) further five (5) year options to 2044
+ Viva Energy Limited (ASX: VEA): blue-chip $5.4 billion ASX200 company & Shell’s Australian licensee controlling 20% of the retail fuel market
+ High profile 2,206sqm* truck stop with immediate exposure to a high concentration of heavy vehicles on Ingham Road
+ Strategically located adjacent to Townsville Airport and 4.5km* from the CBD
+ Tenants pays outgoings as per the lease
+ Landlord favourable CPI annual rent reviews
+ Positioned in the heart of Townsville’s Industry and Retail mecca of Garbutt, surrounded by national tenants including McDonald’s, Dan Murphy’s, Coates Hire, Bridgestone, Dulux, Nick Scali, KFC, Repco and Chemist Warehouse
+ Townsville: economic capital of North Queensland with over $27 billion* in infrastructure projects underway and population forecast to grow by 54% by 2041
+ Estimated Net Income: $268,920 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 28 March 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
2,206 SQM
Building Area
506 SQM

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