Burgess Rawson is pleased to offer to the market the NightOwl located at 77 Bundock Street, Belgian Gardens QLD for sale via our Investment Portfolio Auction 162.
This opportunity has the following key investment highlights:
+ Ten (10) year net lease to leading national fuel and convenience operator NightOwl to 2032 plus three (3) further five (5) year options to 2047
+ NightOwl: one of Australia's fastest growing and leading independent convenience retailers with over 80 stores nationwide
+ Head office lease to NightOwl Properties
+ High exposure 1,669sqm* corner site located in the CBD fringe offering exceptional visibility to 30,000 vehicles passing daily
+ Investor preferred net lease structure, with the tenant paying all outgoings excluding land tax
+ Strong and certain income growth with fixed annual, compounding 3.5% rent increases
+ Strategic location on one of Townsville's busiest intersections with frontage to main thoroughfare, Bundock Street
+ Belgian Gardens: affluent suburb inbound and located 3km* to Townsville CBD
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow 45% by 2041
+ Net Income: $275,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 3 August 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.