Burgess Rawson is pleased to offer to the market 177 Government Road, Labrador QLD for sale via our Investment Auction Portfolio 172.
The property has the following investment highlights:
+ Anchored by a ten (10) year head office net lease to NightOwl to 2033 plus three (3) five (5) year options to 2048
+ NightOwl Convenience: an Australia owned and operated retailer established in 1975, now with over 80 retail sites in Australia and growing
+ Supported by a renewed seven (7) year net lease to Star Liquor to 2030 plus two (2) further five (5) year options to 2040
+ Star Liquor: one of Australia's leading independent hospitality groups founded 25+ years ago, operating 74 bottle shops, 9 liquor warehouses & 42 hotels all across Australia
+ Tenants responsible for 100% of usual outgoings, including management fees as per leases
+ Landlord favourable mix of CPI and fixed 2.5% and 4% increases
+ Dominant 3,124sqm* site with 105m* of frontage to Government Road and direct access to Olsen Avenue with 25,000+ vehicles passing daily*
+ Impressive 860sqm* GLA, including recently extensive refurbished and rebranded Caltex Fuel Station
+ Strategically positioned within 2km* of national retailers Woolworths, McDonald's Australia Post, Coles, ALDI and Australia Post
+ Perfectly located with 120,000+ residents* and over 70,000 motor vehicles* within a 5km* radius ensuring the strong trade of the tenants
+ Gold Coast: one of Australia's fastest growing cities, with a population forecast to exceed 1,000,000 residents by 2050 & $16.6 billion in planned future infrastructure projects
+ Estimated Net Income: $401,984 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.
