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Convenience Retail and Drive-Thru Investment in Gold Coast Growth Area

68 Pimpama Jacobs Well Road , Pimpama QLD

Property Highlights

Long term investment | 10.5 year WALE
High profile 3,292sqm* corner site
Modern build with depreciation benefits
Register to Bid

Description

Burgess Rawson in conjunction with Commercial East Coast Investments are pleased to offer to the market 68 Pimpama Jacobs Well Road, Pimpama (Gold Coast) QLD for sale via Offers to Purchase.

The property has the following investment highlights:

+ Investment anchored by national brands – Caltex, The Cheesecake Shop and Ramen Danbo restaurant and drive-thru
+ 15 year, 10 year and 7 year leases in place with CPI and fixed annual rent increases
+ High profile 3,292sqm* corner site with 2 street frontages & direct access to the M1 motorway – 420 metres*
+ Building area of 404sqm* plus 252sqm* fuel canopy
+ Near new construction offering significant depreciation benefits of $296,000* in the 1st year (circa 57% of net rent*)
+ Zoned ‘Centre’ with future re-development potential to 9 stories (STCA)
+ Estimated passing traffic flow of over 116,000 vehicles weekly*
+ Situated within a major retail precinct & in close proximity to a Medical Centre, Coles, ALDI, Bunnings & BCF
+ 500 metres* to the new Pimpama Rail Station opening 2024
+ Pimpama: the fastest growing area in Queensland and is situated 51km* south of Brisbane CBD and 25km* north of Southport. It has experienced the highest growth rate outside capital cities in the country at almost 13%**
+ Net Income: $516,798 pa* + GST (as at 1 December 2023)

For Sale via Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information

*Approx.
**ABS Statistics – 30 March 2022

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
3,292 SQM
Building Area
404 SQM

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