23 East Street Mornington QLD 4825

Burgess Rawson is pleased to offer to the market Pets Domain located at 23 East Street, Mornington (Mount Isa) QLD for sale via our Investment Auction Portfolio 171.

This opportunity has the following key investment highlights:

+ Brand new seven (7) year head office net lease to 2031 plus four (4) further five (5) year options to 2051
+ Pets Domain: a wholly owned subsidiary of Pet Solutions with product lines including Natures Best, plus 72 stores across Australia
+ Investor preferred net lease terms with tenant responsible for all usual outgoings as per the lease
+ Fixed 3% annual rent increases, ensuring income growth
+ Well-presented and maintained 913sqm* building with recent refurbishment completed in 2024
+ High exposure 913sqm* freehold corner landholding serviced by important 90 council car parks
+ Impressive capital intensive fit-out including large open plan retail space, aquarium, frozen pet food section & DIY dog wash (only dog wash in Mt Isa)
+ Strategic position 1km* from the Mt Isa city centre in the desirable family-oriented suburb of Mornington
+ Single tenant minimum management investment
+ Mount Isa Regional Council: the largest economic, logistics and service centre of Northern Australia with a Gross Regional Product (GDP) of $1.82 billion
+ Net Income: $120,000 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.