Brand New Standalone Bunnings Investment
89 West Street , Mount Isa QLD
Property Highlights
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