Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial, have the exclusive privilege on behalf of the seller of offering four (4) premium high-profile assets in Bundaberg's CBD. The four commercial buildings are fully leased generating a combined net income of $285,386.91* + GST underpinned by strong tenant covenants. One of the cornerstones of a portfolio investment is the ability for the investor to drive returns on investment through value-adding strategies, capital growth, development upside, and proactive management. Watch the video for a virtual tour.
Bundaberg is emerging as one of Australia's best regional communities to invest and live in. Serving the largest resident population outside of South East Queensland, Bundaberg's economy is growing faster than state and national averages.
The properties can be sold individually or together in one line via Expression of Interest closing Tuesday 12th April 2022 at 4:00 pm. We have a motivated seller who will consider all offers.
A breakdown of all four properties attributes are below;
14 Electra Street
• 100% Leased freehold investment
• Same leading National tenant 'L&H Electrical' for 35 Years
• Net income $55,885.20* p.a. + GST
• 1,012m2 CBD Blue-chip landholding
• High-quality freestanding 543.6m2 showroom/warehouse/office
• The tenant is currently seeking approval to install solar panels, which is reinforcing their long-term commitment and adding value to the property
• Located opposite Hinkler Central, a major shopping centre anchored by Coles, Woolworths, Aldi together with over 60 specialty stores
• Major development upside with the ability to purchase together with 16 Electra Street & 36 Barolin Street together comprising an entire corner site of 3,986m2
16 Electra Street & 36 Barolan Street
• Two freestanding buildings - 100% Leased
• Combined 2,974m2 Blue-chip CBD corner site landholding
• Net income $149,941 p.a.* + GST
• Strong mix of 6 tenants including well-established Tile retailer, Solicitor, & IT company
• 20+ on-site car parks
• High profile corner site with a large volume of passing traffic
• Major development upside with the ability to purchase together with 14 Electra Street comprising an entire corner site of 3,986m2
37 Targo Street
• High Profile 100% Leased Multi Tenanted Investment
• Net income $79,560.14* p.a. + GST
• 718m2 CBD Blue-chip CBD corner site landholding
• Currently 5 tenants all (all occupied) with street front direct exposure however the property can be subdivided into 7 tenancies if desired
For access to our exclusive data room where you will find a copy of the detailed information memorandum, lease agreements, floor plans, all information attached to these outstanding assets please contact Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial.
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.
