Entry Level Government Investment | Circa 8% Yield Anticipated

Description

Burges Rawson are pleased to present a fully leased investment located at 18 Alford Street, Kingaroy QLD for sale via Portfolio Auction 172.

The property has the following investment highlights:

+ Fully leased CBD building anchored by government tenant
+ Anchored by a four (4) year lease plus options to 2030 to Queensland Government Department of Transport & Main Roads
+ Supported by brand new three (3) & five (5) year leases to valuable retail tenants with longstanding occupation – 12+ years on site
+ Queensland Government Department of Transport & Main Roads: responsible for the planning, managing & delivery of Queensland’s transport network
+ Landlord-favourable rent reviews with a mixture of CPI, listed, fixed 3% and 3.5% rent increases, ensuring rental growth
+ Strategically positioned 1,012sqm* CBD landholding improved with a well-maintained 954sqm* NLA office/retail building
+ Substantial $700,000 Government funded fit-out recently completed prior to occupation, showcasing long-term commitment to the site
+ Prominently positioned opposite Kingaroy’s main shopping centre – Kingaroy Shopping World, anchored by major retailers Woolworths, Big W, Best & Less & supported by over 40 specialty stores
+ Situated within immediate proximity of surrounding national tenants including KFC, Mcdonald’s, ALDI, Hungry Jack’s & Supercheap Auto
+ Conveniently located to Kingaroy’s major social infrastructure including Kingaroy Town Hall (130m*), Kingaroy Hospital (900m*) & Kingaroy Hospital (4km*)
+ South Burnett Region: a key growth corridor of Queensland with a diversified economy, boasting a GRP of $2.11 billion
+ Kingaroy: robust commercial hub, 155km* from Brisbane with estimated 32,555* trade catchment and known as the Peanut Capital of Australia
+ Net Income: $113,315 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane

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

*Approx.

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Contact agents
Fin Hume Sales Cadet
0488 008 975
Craig Chapman Sales Executive
0427 110 132
Enquiry Form

Kingaroy, QLD

18 Alford Street

For Sale by Portfolio Auction
Thursday 31st October 10:30AM The Hilton, Brisbane

This property is part of Portfolio 172

Price: Contact Agent

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