Burgess 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 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.
