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13 Tantitha Street, BUNDABERG CENTRAL QLD, 4670

Sold
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Property Sold in 13 Tantitha Street, BUNDABERG CENTRAL QLD, 4670

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001

Listing ID:
11378208
Status:
Sold
Last Updated:
01/01/2021
Price:
$5.25 million

Property Type

Retail/Offices/Showrooms/Bulky Goods

Land Area

5539 SQM

Floor Area

5762 SQM

Parking

N/A

Bundaberg Central Shopping Centre For Sale - High Yielding Investment

*Bundaberg Central has a ROE in excess of 16%
*Target renewed in 2019 for 5 years - a rental commitment of $2 million to show they are serious
*Wesfarmers confirmed that this store will continue to trade
*Heart of Bundaberg's CBD
*Flood free
*Site Area: 5,539 sqm* - Unimproved Land Value - $1.95 million
*Gross Floor Area: 5,762 sqm* - up to $11 million to replace the Building
*WALE: 3.5 years approx
*80% underwritten by Target
*Average Gross rental rate across the entire floor area just $111 p/m²
*Multiple opportunities to generate substantial income growth.

For a copy of the Information Memorandum or a copy of the contract, please contact Stephen or Elliot today.

Retail Lease / Retail Shopping Centre / Shop / Queensland / SEQ / Commercial / High Yield / ASX Listed Tenant / Rockhampton / Bundaberg / Gympie / Maryborough / Gladstone / Hervey Bay / Brisbane / Gold Coast / Strip Retail / Food / Services

For more details, please email agent

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001


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