Brand New Freehold Tyre & Auto Investment | 10 Year Head Office Lease to Global Giant
Lot 266 Junction Road , Chuwar QLD
Burgess Rawson is pleased to offer to market Bridgestone Karalee located at Lot 266 Junction, Road, Chuwar (Ipswich) QLD for sale via our Investment Auction Portfolio 165.
The property has the following investment highlights:
+ Brand new ten (10) year head office lease to Bridgestone to 2033 plus four (4) further five (5) year options to 2053
+ Bridgestone: Australia’s largest tyre retailer with 340+ stores nationally, market cap of AUD $42.6 billion & wholly owned subsidiary of Tokyo listed Bridgestone Corporation
+ Expansive 4,427sqm* freehold site located adjacent to Karalee Shopping Centre, directly opposite McDonald’s and comprising an impressive 397sqm* facility with an additional 155sqm* mezzanine and ample on-site car spaces
+ Highly desirable freestanding tyre and auto investment constructed in 2023, offering outstanding tax depreciation benefits
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ Seamless integration with the recently redeveloped $80 million Karalee Village Shopping Centre, a major neighbourhood shopping destination anchored by Woolworths and Coles supermarkets, supported by 38 specialty tenants and over 340 car park spaces
+ Chuwar: located in the City of Ipswich – 6th fastest growing metropolitan location in Australia with forecast population growth of 120% to 520,000+ by 2041
+ Net Income: $95,130 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 7 December 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.