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Fully leased Retail Investment - ASX Listed Tenant underw...

4/111 George Street, ROCKHAMPTON CITY QLD, 4700

For Sale

Property for Sale in 4/111 George Street, ROCKHAMPTON CITY QLD, 4700

Ray White Commercial Qld

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

Listing ID:
11377612
Status:
Active
For:
Sale
Price:
Sub $1.5 million Investment
Last Updated:
07/07/2020
Icon building

Property Type

Retail/Offices/Medical/Consulting
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Land Area

N/A
Icon size

Floor Area

1424 SQM
Icon parking

Parking

64

Fully leased Retail Investment - ASX Listed Tenant underwriting 67% income

Located on the most visible and highly trafficked corner in the city, Lot 4/111 George Street represents a strong retail investment opportunity.

Lot 4 is the largest of the 9 tenancies and is split in two. Australia's leading gambling/ entertainment group Tabcorp (trading as TAB) underwriting 67% of the tenancy. The balance of the tenancy has just been leased on a two year to HomeCorp with the lease commencing approx 30th August 2020.

Other tenants in the centre include:

* Discount Drug Store
* Inn Ur Wok Chinese Food
* ASN sports Nutrition
* TAB
* HomeCorp

This property is being sold with an asking price of $1.499 million.

A Full IM is available upon request.

Key Words:

Retail Lease / Retail Shopping Centre / Shop / Gambling / School / Highway / Fuel / Queensland / SEQ / Commercial / Rent / High Yield / TABCORP / Rockhampton / Bundaberg / Gympie / Maryborough / Gladstone / Strip Retail / Food

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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