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Brand New Metro Brisbane Truck Stop & Car Wash | 20 Year Net Lease + Options

500 Learoyd Road , Willawong QLD

Property Highlights

3,889sqm* main road site
Greater of CPI or 3% rent increases
Tenant pays all usual outgoings
Register to Bid

Description

Burgess Rawson is pleased to offer to the market Caltex located at 500 Learoyd Road, Willawong QLD for sale via Offers to Purchase.

This opportunity has the following key investment highlights:

+ Brand new (20) year net lease to a highly successful, multi-site Caltex operator to 2043 plus four (4) further five (5) year options to 2063
+ High exposure 3,889sqm* freehold site with 140 metres* of direct frontage to main arterial, Learoyd Road
+ Landlord friendly net lease structure with the tenant paying all outgoings excluding land tax and building insurance
+ The greater of fixed 3% or CPI (capped at 5%) annual rent increases, ensuring strong rental growth
+ Brand new building offering outstanding first year tax depreciation benefits of $265,000 (64% of rent)
+ Modern, high canopy truck stop and car wash ideal for high volume of heavy vehicle traffic
+ Potential additional income from outdoor advertising with proposal already in place
+ Ideal convenience retail location – surrounded by residential, commercial, industrial and complimentary future developments
+ Over 60,000 registered vehicles within a 5km radius, ensuring the strong trade of the tenant*
+ Willawong: thriving residential and industrial catchment located 12km* from the CBD in Brisbane’s booming southern growth corridor
+ Net Income: $415,200 pa* + GST

For Sale via Offers to Purchase.

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
3,889 SQM
Building Area
308 SQM

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