Burgess Rawson is pleased to offer to the market this Blue Ribbon Metro Tyre & Auto Large Format Retail Investment located at 47 Shore Street West Cleveland (Brisbane) QLD, for sale via Expressions of Interest
The property has the following investment highlights:
+ Brand new leases up to 10 years plus options extending through to 2054
+ MyCar: one of Australia's largest tyre & auto brands, with over 270 stores nationally. Subsidiary of German Automotive Giant Continental AG who operate in over 56 countries with over 200,000 employees and a market cap of 11 Billion.
+ Uniting Care (Lifeline): leading provider of social services throughout Australia, supporting 1.4 million people annually with $1.7 billion of revenue reinvested into the community and $2.3 billion in total assets owned
+ Salvation Army Australia: 140+ year old 'government funded' retailer with over 400 stores nationally and an aggressive growth strategy
+ Brand new state-of-the-art 2,018sqm* building
+ Strategically positioned 4,617sqm* standalone main road landholding
+ Attractive fixed 3.5% compounding annual rental increases guaranteeing strong rental growth
+ Brand new 2024 construction offering maximum depreciation benefits
+ Prime position with 80 metres* of frontage onto Shore Street West, Cleveland's main road that carries 193,000* vehicles weekly**
+ Strategically located within close proximity to globally renowned tenants, McDonald's, KFC, Guzman y Gomez and 7-Eleven
+ Cleveland: highly sought after Bayside suburb of Brisbane with a median house price over 40% higher than the state average***
+ Net Income: $623,670 pa* + GST
For Sale by Expressions of Interest
Closing 3pm AEDT Tuesday 12 November 2024
*Approx
** Gap Maps
*** REIQ
