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Coles Express Investment - Net Lease & Fixed Rent Increases

130-132 Edwards Street, AYR QLD, 4807

Sold

Property Sold in 130-132 Edwards Street, AYR QLD, 4807

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11353402
Status:
Sold
Price:
Price on Request
Last Updated:
22/05/2020
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Property Type

Retail/Showrooms/Bulky Goods/Medical/Consulting
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Land Area

2015 SQM
Icon size

Floor Area

80 SQM
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Parking

N/A

Coles Express Investment - Net Lease & Fixed Rent Increases

15 year lease to 2029 plus options to 2044.
Fixed annual 3% rent increases plus ratchet provisions at options.
Tenant pays all outgoings including land tax.
Coles Express: 685 outlets across the country and subsidiary of new ASX Top 20 company Coles Group – Market cap $17b.
Strategic town centre site between Woolworths and Coles Supermarket.
Significant 2,015 sqm corner site with dual frontage totalling 89m.
Potential upside with previous Development Approval for fast food tenancy including drive-thru.
Ayr: Commercial hub of the Burdekin Delta - Australia’s largest sugar producing region.
Net Income: $324,596 pa + GST

For Sale by Private Treaty

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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