Burgess Rawson is pleased to offer to the market the Bridgestone located at 196 North Vickers Road, Condon QLD for sale via our Investment Auction Portfolio 171.
This opportunity has the following key investment highlights:
+ Ten (10) year head office lease to Bridgestone Corporation to September 2033
+ Three (3) further five (5) year options through to September 2048
+ Bridgestone Corporation: Australia's largest tyre retailer with 340+ stores nationally, market cap of AUD $42.6 billion & wholly owned subsidiary of Tokyo listed Bridgestone Corporation
+ Fixed annual 3% rental increases, ensuring rental growth
+ Landlord favourable net lease terms with the tenant paying all usual outgoings as per lease including repairs & maintenance
+ Expansive 1,597sqm* industrial site comprising an impressive 725sqm* NLA facility with dual concrete crossovers and ample on-site parking
+ Highly desirable freestanding tyre & auto investment prominently positioned in a rapidly expanding industrial precinct
+ Centrally located between Hervey Range Road & the Bruce Highway, providing seamless integration with Townville's major arterial roadways
+ Favourable 'Major Centre' zoning, allowing for a multitude of future uses or redevelopment opportunities (STCA)
+ Prominently positioned within 1km* of two major shopping centres - Cannon Park City Centre & Willow Shopping Centre, anchored by national retailers ALDI, Woolworths, Target, Coles, Big W, Hungry Jacks, McDonald's & numerous speciality stores
+ Townsville: economic capital of North Queensland with over $27 billion* in infrastructure projects underway and population forecast to grow by 54% by 2041^
+ Net Income: $110,400 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 19 September 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
