Burgess Rawson is pleased to offer to the market the Bridgestone located at 38-40 Mackley Street, Garbutt (Townsville) QLD for sale via Expressions of Interest.
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
+ Expansive 4,100sqm* industrial site with full drive around site capabilities
+ Impressive 1,562sqm* NLA facility with an additional 200sqm* of high clearance awning
+ Attractive low site coverage allowing for a multitude of future end users (STCA)
+ Situated within close proximity to major carriageways and B-double routes with seamless integration with Dalrymple Road, a key connection roadway interconnecting the Bruce Highway & Garbutt industrial precinct
+ Centrally located in the Garbutt industrial precinct, situated within immediate proximity of national retailers including Coates Hire, Supercheap Auto, Sydney Tools, Dan Murphy's & Bunnings
+ 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: $205,500 pa* + GST
To be sold via Expressions of Interest
Closing 3pm AEST Tuesday 24 September 2024
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
