Burgess Rawson is pleased to offer to the market this superbly positioned, proven First Choice Liquor Investment located at 135 Herries Street, Toowoomba QLD for sale via our Investment Auction Portfolio 172.
This opportunity has the following key investment highlights:
+ 15 year lease to 2027 plus options to 2067
+ First Choice Liquor: a brand of Coles Group, one of Australia's leading grocery retailers with an extensive national supermarket and liquor store footprint
+ Coles Group boast 992 liquor stores and employ some 115,000+ team members***
+ Commanding 3,532sqm* corner site with brilliant triple street frontage and 57 on site car parking spaces
+ Significant tenant upgrade into the First Choice Liquor store in 2017/2018
+ Includes classic Queensland hotel, the Portadown Hotel** which includes bar and gaming area
+ Strategic location near Officeworks & IGA and the significant Grand Central Shopping Centre which attracts over 10 million visitors annually and is anchored by Myer, Woolworths, Coles, Kmart Big W and world leading brand H&M****
+ Rapidly Growing Toowoomba has a current population of around 180,000 people which is forecast to soar to approximately 235,000 residents by 2050****
+ Toowoomba Region: the western gateway to the $237 billion***** south east Queensland economy, with population forecast to exceed 204,000 people by 2041******
+ QLD's 6th largest region by population, the Toowoomba Region generates $14.76 billion in Gross Regional Product (GRP) with an estimated 93,206 jobs in the area******
+ The Toowoomba Region is nestled within Southern Queensland Country, a booming tourism destination that welcomed more than 2.7 million domestic visitors in the year ending June 2023. The visitors contributed an impressive $978.8 million in expenditures*******
+ Toowoomba City: a booming growth suburb where median house prices have surged by 36%* in the past 24 months********
+ Net Income: $341,733 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane
Please contact the exclusively appointed sales team for more information
*Approx.
**porterdownhotel.com.au
*** colesgroup.com.au
****NAB Property Market Update Toowoomba March 2024
***** Toowoomba GOV
****** Forecast.id
*******Tourism & Events Queensland
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