High Performing Liquor & Convenience Retail Investment

Description

Burgess Rawson is pleased to offer to the market 109 Elliott Heads Road, Kepnock (Bundaberg) for sale via our Investment Auction Portfolio 170.

This opportunity has the following key investment highlights:

+ Anchored by a (5) year net lease to Star Liquor to 2028 plus two (2) further five (5) year options to 2038
+ Star Liquor: one of Australia’s leading independent hospitality group founded 25+ year ago, operating 74 bottleshops, 9 liquor warehouses & 42 hotels
+ Supported by a (10) year net lease to long term local convenience retail operator to 2032 plus two (2) further ten (10) year options to 2052
+ Tenants responsible for 100% of outgoings as per lease
+ Desirable CPI annual rent reviews
+ Dominant 1,069sqm* corner freehold site on major road linking Bundaberg to Elliott Heads, Coral Cove and Bargara
+ Dual street access and 15 on-site car parks
+ Conveniently located 2km* from Bundaberg’s major retail & commercial amenities including national tenants, McDonald’s, IGA, Aldi, Target and Hinkler Central Shopping Centre, underpinned by Coles, Kmart, and 56 specialty retailers
+ Bundaberg Region: the 10th largest city in the state with the population north of 103,000* and a GRP of $5.62 billion*
+ Net Income: $108,467 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 8 August 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

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Contact agents
Craig Chapman Sales Executive
0427 110 132
Tom Lawrence Sales Executive
0428 626 117
Enquiry Form

Kepnock, QLD

109 Elliott Heads Road

For Sale by Portfolio Auction
Thursday 8th August 10:30AM The Hilton, Brisbane

This property is part of Portfolio 170

Price: Contact Agent

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