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344-348 Ingham Road
Garbutt QLD 4814
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Sold on 24 May 2024

344-348 Ingham Road Garbutt QLD 4814

  • Shop & Retail
  • 506 m²
  • Sold

Renewed 5 Year Lease to Viva Energy | Blue-Chip $5.4 Billion ASX200 Company

    Burgess Rawson is pleased to offer to the market 344-348 Ingham Road, Garbutt (Townsville) QLD for sale via our Investment Portfolio 167.

    The property has the following investment highlights:

    + Recently renewed five (5) year lease to 2029 plus three (3) further five (5) year options to 2044
    + Viva Energy Limited (ASX: VEA): blue-chip $5.4 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market
    + High profile 2,206sqm* truck stop with immediate exposure to a high concentration of heavy vehicles on Ingham Road
    + Strategically located adjacent to Townsville Airport and 4.5km* from the CBD
    + Tenants pays outgoings as per the lease
    + Landlord favourable CPI annual rent reviews
    + Positioned in the heart of Townsville's Industry and Retail mecca of Garbutt, surrounded by national tenants including McDonald's, Dan Murphy's, Coates Hire, Bridgestone, Dulux, Nick Scali, KFC, Repco and Chemist Warehouse
    + Townsville: economic capital of North Queensland with over $27 billion* in infrastructure projects underway and population forecast to grow by 54% by 2041
    + Estimated Net Income: $268,920 pa* + GST

    For Sale by Investment Portfolio Auction
    10:30am AEST Thursday 28 March 2024
    The Hilton, Brisbane

    Bidder registration required, register at portfolioauctions.com.au

    Please contact the exclusively appointed Burgess Rawson team for more information.

    *Approx.

    AUCTION

    Auction date and time28/03/2024 10:30
    Auction locationThe Hilton, Brisbane
    Burgess Rawson Townsville
    Burgess Rawson Townsville
    Ground Flr/61-73 Sturt St
    Townsville City, QLD 4810

    Property Highlights

    Date Sold24 May 2024
    Floor Area506 m²
    Land Area2,206 m²
    ParkingAsk Agent
    Property ID2019094863
    Category
    Last updated  29 Mar 2024
    Map for 344-348 Ingham Road Garbutt QLD 4814
    Burgess Rawson Townsville
    Burgess Rawson Townsville
    Ground Flr/61-73 Sturt St
    Townsville City, QLD 4810

    Property Highlights

    Date Sold24 May 2024
    Floor Area506 m²
    Land Area2,206 m²
    ParkingAsk Agent
    Property ID2019094863
    Category
    Last updated  29 Mar 2024

    Co-Agents

    Neville Smith
    Neville Smith
    Burgess Rawson Townsville
    Call
    0400 068 205
    Michael Hooper
    Michael Hooper
    Burgess Rawson Townsville
    Call
    0488 332 682
    Tom Lawrence
    Tom Lawrence
    Burgess Rawson Queensland
    Call
    0428 626 117

    More about 344-348 Ingham Road Garbutt QLD 4814

    344-348 Ingham Road Garbutt QLD 4814 is categorized as Shop & Retail Property. It has a floor area of 506 m² and a land area of 2,206 m². The listing ID for this property is 2019094863.

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