New 12 Year Lease to Market-Leading Convenience Retailer – High Profile Gateway Site

870-872 Beachmere Road , Beachmere QLD

Property Highlights

New 12-year net lease to 2034
Annual 3% rent increases
Land Tax recoverable
Register to Bid

Description

+ New 12-year lease to 2034 plus options to 2064.
+ United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance, single holding Land Tax and repairs and maintenance.
+ High-profile 1,222sqm* gateway site with extensive frontage to Beachmere Road, the main arterial road providing commuters with direct access to Caboolture and the Bruce Highway.
+ Situated within close proximity to various national tenants, with IGA, Australia Post, Bottlemart and Domino’s all within 300 metres.*
+ Strategic site, being the only service station in Beachmere.
+ Moreton Bay City Council: 3rd largest LGA in Australia by population, which is forecast to grow more than 45% to 697,186 by 2041.***
+ Located 24km from Brisbane CBD, the City Council has an economy half the size of Tasmania, which is expected to surge to $40 billion, with 100,000 new jobs by 2040.***
+ Minimum management, essential service investment.
+ Rent: $210,000 pa*

To be sold by Investment Portfolio Auction:
10:30am AEST
Thursday 23 June 2022
The Hilton, Brisbane

*Approximately
** United Petroleum
*** Moretonbay.qld.gov.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,222 SQM
Building Area
1 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights