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Entry Level Liquorland Investment

69 Railway Avenue, TOWNSVILLE CITY QLD, 4810

Sold

Property Sold in 69 Railway Avenue, TOWNSVILLE CITY QLD, 4810

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11300404
Status:
Sold
Price:
Price on Request
Last Updated:
06/09/2019
Icon building

Property Type

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

506 SQM
Icon size

Floor Area

174 SQM
Icon parking

Parking

N/A

Entry Level Liquorland Investment

15 year lease to 2021 plus options to 2046.
Guaranteed rental growth – Annual fixed 4% increases.
Liquorland: A growing subsidiary of Coles Group Limited $39.2 billion FY17 revenue including sales from 894 liquor stores.
Tenant pays all usual outgoings.
High profile corner site of 506 sqm.
45m of combined retail frontage plus important dual street access points.
Modern freestanding retail building with on-site car parking.
Metropolitan Townsville location 2km south of the CBD.
Townsville: the capital city of Far North Queensland with a growing population of 190,000+ forecast to grow to 300,000+ by 2036.
Net Rent: $57,632 pa

Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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