Burgess Rawson is pleased to offer to the market the Bridgestone located at 37 Dunn Road, Rocklea QLD for sale via our Investment Auction Portfolio 171.
This opportunity has the following key investment highlights:
+ Five (5) year head office lease to Bridgestone Corporation to December 2027
+ One (1) further five (5) year option to December 2032
+ 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
+ Landlord favourable annual CPI reviews
+ Highly desirable net lease terms with the tenant paying all usual outgoings as per lease including repairs & maintenance
+ Significant 5,166sqm* freehold site prominently positioned within the Rocklea industrial estate, offering seamless integration with the Ipswich Motorway
+ Impressive 1,450sqm* NLA industrial facility comprising of 1,180sqm* of warehouse, 270sqm* of office accommodation & a 750sqm* covered open workshop
+ Highly desirable 'High Impact Industry' zoning allowing for a multitude of future uses that cater to sensitive operations (STCA)
+ Positioned within 2km* of the Oxley Zone Retail precinct, featuring major retailers Harvey Norman, McDonald's, Supercheap Auto, TK Maxx, Officeworks & various specialty stores
+ Brisbane City: the third largest city in Australia, with a population forecast to grow by 230% to 4.2 million residents by 2050^
+ Net Income: $167,813 pa* + GST (Increasing in December to $174,687 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.
