Outstanding Convenience Retail Investment – Secure 10 Year Lease to 7-Eleven

85 Perth Street, Toowoomba QLD

Property Highlights

Fixed 3% Annual Rent Increases
Major Arterial, Large Traffic Volume
Excellent Depreciation Benefits

Description

+ Renewed 10 year lease to 2028 plus options to 2048
+ 7-Eleven: Australia’s number 1 convenience retailer
+ Attractive net lease with annual fixed compounding 3% rent increases
+ Full tax depreciation benefits with 50% of first year rent potentially free of income tax*
+ Freestanding retail investment, ideally positioned in a major school zone including Toowoomba Grammar School, St Joseph’s College, Centenary Heights High School, Rangeville State School and St Thomas More’s Primary School
+ 100% leased investment with 2 thriving retail tenancies adjoining the 7-Eleven Store, Mrs G’s Gourmet Pies and Captains Seafood – 87% of income derived from 7-Eleven
+ High profile corner site on the roundabout intersection of MacKenzie Street & Kitchener Street, a major thoroughfare connecting Toowoomba’s south east suburbs to the CBD
+ Toowoomba: Australia’s second largest inland city after Canberra located 90 minutes west of Brisbane . It has a strong and diverse Gross Regional Product of $12.19 Billion and approximately $14 Billion of developments either being carried out or proposed in the region. A true gateway position at the junction of the Warrego, New England and Gore Highway’s which allows direct connectivity to Melbourne, Sydney, Brisbane and Darwin. Trade catchment approximately 167,657 and set for rapid growth to 200,000 by 2035.
+ Net Income: $285,613 pa + GST (as at Nov 2020)

Investment Portfolio Auction
11am AEST
Tuesday 4 August
Doltone House Hyde Park,
Sydney, NSW

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,611 SQM
Building Area
253 SQM

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