Burgess Rawson is pleased to offer to the market 10 Stockland Drive, Kelso (Bathurst) NSW for sale via our Investment Auction Portfolio 170.
This investment has the following key investment highlights:
+ Recent 7 year lease to 2029 plus options to 2039
+ State-of-the-art recently built large format retail store situated on a key 1,958sqm* corner freehold landholding with 93m* of combined frontage
+ Attractive net lease structure Autobarn responsible for 100% of outgoings including land tax, property management and R & Ms, as per the lease
+ Autobarn: Owned by Bapcor (ASX: BAP), over 1,000 stores including AutoPro, Midas, Burson and ABS Brakes.
+ Modern construction completed in December 2021, providing significant depreciation benefits
+ Strategic large format retail position, neighbouring Bunnings Warehouse, The Good Guys, Officeworks and Ampol
+ Fixed 2.5% annual rent increases ensuring long term compounding income growth
+ Easily managed single tenant investment in growth area with tenant paying management fees
+ Key location off the Great Western Highway with 11,905 vehicles passing daily, positioned before the booming Bathurst CBD
+ Bathurst: thriving inland city and renowned motorsport mecca, home to Mount Panorama and Bathurst 1000 - higher proportion of household spending on tyres & vehicle servicing than the state average
+ Central West: thriving NSW inland region with 181,500+ people, set to experience significant growth
+ Net Income: $231,138 pa + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
