High Profile Convenience Retail Investment | 30,000 Vehicles Passing Daily*

77 Bundock Street , Belgian Gardens QLD

Property Highlights

10 year net lease + options 2047
3km* to Townsville CBD
NightOwl: 80 locations nationally
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Description

Burgess Rawson is pleased to offer to the market the NightOwl located at 77 Bundock Street, Belgian Gardens QLD for sale via Offers to Purchase.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to leading national fuel and convenience operator NightOwl to 2032 plus three (3) further five (5) year options to 2047
+ NightOwl: one of Australia’s fastest growing and leading independent convenience retailers with over 80 stores nationwide
+ Head office lease to NightOwl Properties
+ High exposure 1,669sqm* corner site located in the CBD fringe offering exceptional visibility to 30,000 vehicles passing daily
+ Investor preferred net lease structure, with the tenant paying all outgoings excluding land tax
+ Strong and certain income growth with fixed annual, compounding 3.5% rent increases
+ Strategic location on one of Townsville’s busiest intersections with frontage to main thoroughfare, Bundock Street
+ Belgian Gardens: affluent suburb inbound and located 3km* to Townsville CBD
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow 45% by 2041
+ Net Income: $275,000 pa* + GST

For Sale via Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,669 SQM
Building Area
250 SQM

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