SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Brand New Standalone Bunnings Investment

89 West Street , Mount Isa QLD

Property Highlights

Brand new 10 year lease
64% year 1 rent potentially tax free
Favourable net lease terms

Description

Brand new 10-year lease to 2032 plus options to 2080.
Secured by Bunnings Group Limited, Australia’s leading DIY home improvement retailer.
Bunnings recently announced a 26.1% sales growth over the past 2 years (1).
Favourable, set-and-forget, net lease terms.
Annual rent reviews.
Brand new development, opened in February 2022, with 64% of year 1 rent ($442,000) potentially tax deductible (2).
15,430sqm corner landholding with 165 at-grade car spaces.
Strategic location in major regional hub supported by Coles, Kmart, Woolworths, KFC and McDonald’s, all within 1km.
Mount Isa: median house price up 23% in the last 12 months (3).
Net Income: $695,000pa*

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 11 May 2022
Crown – Melbourne

*Approx
1 Wesfarmers
2 Mazo Pty Ltd
3 CoreLogic

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
15,430 SQM
Building Area
5,815 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights