Burgess Rawson is pleased to offer to the market the Caltex Australia Convenience Retail Investment at 77-79 Bowen Street, Rosslea (Townsville) for sale via Auction Investment Portfolio 170.
+ Long 16 year net lease to 2032 plus four (4) further ten (10) year options to 2072
+ Chevron Corporation (NYSE: CVX): major international energy company, with a market cap of $430 billion
+ Caltex Australia: a subsidiary of Chevron Corporation with over 360 convenience retail sites nationally and growing**
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance, and land tax
+ Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ Rosslea: booming metro location with 35,572 residents and 22,413 motor vehicles within a 3km* radius, further highlighting the strength of the trade catchment and tenant security***
+ High profile 2,474sqm* corner site located 4.5km* from the CBD with dual frontage to Bowen Road and Love Lane
+ Desirable 'Mixed Use' zoned freehold site with dual street access and low site coverage, allowing for future value-add, upside or development potential (STCA)
+ Bowen Road: an important 4 lane arterial road connecting the southern suburbs to the Townsville CBD with approximately 19,423 vehicles daily***
+ Less than 2.5km* from the new Fairfield Central Shopping Centre, anchored by Coles & Woolworths Supermarkets, with 900 car parking spaces and 52 speciality stores, Bunnings Warehouse & McDonald's
+ Positioned among 246* motel rooms across nine separate motels
+ Just 1km* from the Murray Sporting Complex, home to the WNBL's JCL Townsville Fire, featuring 310 on-site car spaces and stadium capacity of over 2,000 people
+ The surrounding area benefits from essential social infrastructure including 28 schools servicing 10,612+ full-time students***
+ City of Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046*** with $27 billion in infrastructure projects underway****
+ Townsville: the commercial hub of Northern Australia, home to the largest military base with 15,000* personal and the internationally recognised James Cook University
+ Minimum management, essential service investment
+ Estimated Net Rent: $209,079 pa* ($215,315 pa* as at December 2024)
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 8 August 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
**Chevron
***Gapmaps
****Queensland Government
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
