Lot 1/22-34 Railway Terrace Milton QLD 4064

Burgess Rawson is pleased to offer to market Night Owl Milton located at 22-34 Railway Terrace, Milton (Brisbane) QLD, for sale via our Investment Portfolio Auction 161.

The property has the following investment highlights:

+ New five (5) year net lease to mid 2027
+ Two (2) further five (5) year options to 2037
+ Head office lease to Night Owl Properties with director's guarantee
+ Night Owl: one of Australia's fastest growing independent convenience stores with over 80 stores nationwide
+ Net lease with tenant responsible for all outgoings as per lease
+ Strong and certain income growth with fixed annual, compounding 3% rent increases
+ Large 146sqm* internal NLA with 44sqm* licenced outdoor area
+ Strategically situated in the Milton business precinct and directly opposite Milton Train Station, one of the busiest train lines in Queensland^
+ Milton: highly desirable inner-city suburb less than 2km* from the Brisbane CBD
+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035
+ Net Income: $90,861 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 22 June 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^Brisbane Times