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Premium Freestanding Metro Brisbane 7-Eleven Investment – 3.75% Rent Increases

689 New Cleveland Road , Gumdale QLD

Property Highlights

Secure 15-year lease to 2029
Forecast 230% population growth
Annual 3.75% rent increases
Register to Bid

Description

+Secure 15-year net lease to 2029 plus options to 2044.
+Guaranteed growth with annual, fixed compounding 3.75% increases.
+7-Eleven: Australia’s #1 convenience retailer with over 700 stores and 38% market share.**
+Attractive net lease structure with 7-Eleven responsible for council rates, water rates, insurance and repairs and maintenance.
+Commanding 2,336 sqm corner site with combined 99 metres of frontage and exposure.
+Surrounded by important social infrastructure, including 4 schools and tertiary education facilities in a 3km radius servicing 3,000* full-time students.***
+Strategically situated opposite IGA anchored East-Side Village, boasting retail amenities including Cellarbrations, Subway, Gumdale Pharmacy, Gumdale Medical Centre and Gumdale Tavern.
+Brisbane City Council: The third largest city in Australia, with population forecast to grow 230% to 4.2 million residents by 2050.****
+Gumdale: Affluent and high capital growth suburb with median household income 100% higher than QLD’s average***** and median house price increased by 43.3% to $1,372,500 in the last 12 month. ******
+Minimum management, essential service investment.
+Estimated Net Rent: $372,283 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 23 June 2022
The Hilton – Brisbane

*approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
2,336 SQM
Building Area
1 SQM

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