SOLD
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New 7 year Lease to subsidiary of Global Giant-Sonepar Group

63-65 Lord Street , Gladstone Central QLD

Property Highlights

Brand new 7 + 5 year lease
Sonepar Group: €23 Billion sales 2020
Long standing occupant since 1994
Register to Bid

Description

+ Brand new 7-year lease to 2028 plus 5 year option through to 2033
+ Investor friendly lease with tenant paying all usual outgoings
+ Annual rent reviews
+ Leased to Lawrence & Hanson a subsidiary of Sonepar Group
+ Sonepar Group: Global Electrical product distributor with over 100+ Brands across 40+ Countries culminating in over €23 billion in group sales in 2020**
+ Significant 3,535 sqm site with 36 on site car spaces
+ Modern and versatile 1,800sqm building extended in 2013
+ Long standing tenant having occupied the site since 1994
+ Strategically positioned on Lord Street, less than 1km from the Gladstone CBD
+ Gladstone Region: Experiencing significant population growth, forecast to
grow by nearly 20% from 63,000 to 75,000 by 2041. Gladstone is home to
Queensland’s largest multi commodity shipping port, driving local economic growth
+Gladstone: soon to be home of the world’s largest electrolyser, renewable industry and equipment factory known as the Global Green Energy Manufacturing Centre, to be developed by Fortescue Future Industries (FFI) and the Queensland Government.
+ Single Tenant minimal management, essential service investment.
+ Net Rent: $263,950 pa + GST

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For Sale by Investment Portfolio Auction
11am (Brisbane Time) Wednesday 10 November 2021

**sonpar.com

*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
Land Size
3,535 SQM
Building Area
1,800 SQM

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