Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 200 Kingston Road, Slacks Creek for sale via Burgess Rawson Portfolio Auction 174.
This opportunity has the following key investment highlights:
+ Twelve (12) year head office net lease to United Petroleum to 2036 plus four (4) further five (5) year options to 2056
+ United Petroleum: top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with approximately 500 sites nationwide
+ High profile 1,511sqm* corner site with 74m* of direct frontage to Kingston Road, a signalised major arterial with exposure to 35,000+ vehicles daily*
+ Tenant responsible for 100% of usual outgoings, as per lease
+ Annual fixed compounding 3% rent increases, ensuring rental growth
+ Immaculately constructed freestanding state-of-the-art 300sqm* NLA convenience retail facility, complemented by an additional 624sqm* under canopy
+ Brand new construction complete December 2024, providing maximum depreciation benefits
+ Directly adjoining Slim's Burgers drive-thru fast food, retail shops and offices in this brand-new landmark development
+ Strategically located adjacent Randall Court Shopping Centre, anchored by Subway & Australia Post and within 500m* of national retailers Bunnings, Total Tools, Supercheap Auto, Autobarn, Bridgestone & Officeworks
+ Perfectly positioned in a thriving growth area, with over 100,000 residents* and more than 55,000* motor vehicles located within a 5km* radius of the property
+ Slacks Creek: second fasted growing LGA in Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works including $75 million in Q1 2025
+ Net Income: $291,720 pa* + GST
For Sale via Investment Portfolio Auction 174
10.30am AEST Thursday 20 February 2025
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information.
*Approx.
