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New 5 Year Lease + Options to ASX Tenant in Prime Location

7/14 Stockland Drive , Kelso NSW

Property Highlights

Autobarn + Bapcor

Next to Officeworks & Bunnings

2.5% pa rent increases

Description

Auction 11am AEDT Tuesday 23 October 2018, Sydney

New 5 year lease until 2023 + options to 2033
Autobarn: Australia’s leading provider of aftermarket autoparts with 132 outlets nationwide
Key subsidiary of Bapcor: $2 billion ASX listed (ASX:BAP) market leader in automotive parts, accessories, automotive equipment and services.
Strong location facing Great Western Highway adjacent to a recently expanded Bunnings as well as Officeworks, Good Guys and many other national brands
Kelso: Bathurst’s major growth centre in both population and bulky goods, substantial recent 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 541 sqm building area
Easily managed single tenant investment
Annual 2.5% annual rent increases

Net Income: $93,360 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
541 SQM
Gross Building Area
541 SQM

Contact Agents

Michael Gilbert

+610 430 024790

Rhys Parker

0451 101 042

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