Colliers Townsville are pleased to exclusively offer Lot 6, 12-18 Deeragun Road, Deeragun (Townsville) for sale via an Expressions of Interest campaign. This fully leased retail opportunity is bolstered by its prime location, secure lease covenants and long-term growth potential.
- 100% leased investment property with all tenants recently renewing leases in November/December 2023
- 84.4% of the property is leased to ASX-listed tenant - Super Retail Group, providing secure and stable income
- Balance of the property is leased to Bridgestone Australia Ltd, Australia's largest tyre retailer
- Estimated annual net income of $673,424.97*, offering a strong return on investment
- Weighted Average Lease Expiry (WALE) of 4.53* years (m²) - ensuring long-term occupancy ** as at 26/08/2024
- BCF and Super Cheap Auto leases include 3.5% annual rental increases with a market review at option, while Bridgestone's lease features annual CPI reviews and market review at option
- BCF, Super Cheap Auto and Bridgestone are long-term tenants with current 5 year, 5 year and 7 year leases respectively, each with 2 x 5 year options
- All three retailers have been trading in the Northside Square retail precinct since 2013
- Positioned in a prime location on Woolcock St which closely links to the Bruce Highway, the property has a daily passing traffic count of 27,000* vehicles, providing excellent exposure
- 2,602m²* modern tilt-panel development with low maintenance requirements
- Situated on a 6,181m² freehold site with ample on-site parking and significant signage opportunities for tenants
- Reciprocating easements also provide ease of access for customers, parking and deliveries
- Property is anchored by leading national brands in outdoor recreation, automotive retail, and automotive services which offers great synergy with the local area
- Strong demographic profile and consumer demand in the surrounding areas, supported by ongoing infrastructure projects with 20% of Townsville's population living within 7km
- Located near Stockland's North Shore development and 16km from Townsville CBD, ensuring steady population growth due to an abundance of development land within the immediate catchment
For Sale by EOI closing Thursday, 26 September at 4pm (AEST).
For more information or to arrange an inspection, contact Aaron Power, Shaun McLaren or Peter Wheeler at Colliers.
*Approx.
^Outlines / markups indicative only
