Renewed 6 Year Lease to National Brand
6/14 Stockland Drive , Kelso NSW
Description
Adjacent to recently expanded Bunnings, Officeworks, Good Guys, Supercheap & others
Tenant trading in centre since 2011
Furniture One: national brand retailer with 34 stores
Auction
11am AEST Tuesday 17 September 2019
Doltone House Hyde Park, Sydney
Leased to December 2024 + options to December 2030
Kelso: Bathurst’s major growth centre (population & bulky goods), substantial recent Govt. infrastructure investment
Bathurst: strong resident population of 42,231, generating GRP of $1.97 billion; population expected to swell by 25% (10,000+ residents) by 2036
Substantial 1,275 sqm building area
Easily managed single tenant investment
Fixed 3.5% annual rent increases (net income $182,267 in 2023)
Net Income: $158,836 pa + GST
Property Details