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As New Coles Express Investment

73 Blackstone Road, IPSWICH QLD, 4305

Sold

Property Sold in 73 Blackstone Road, IPSWICH QLD, 4305

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11347765
Status:
Sold
Price:
Price on Request
Last Updated:
22/05/2020
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Other
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Land Area

1487 SQM
Icon size

Floor Area

187 SQM
Icon parking

Parking

N/A

As New Coles Express Investment

Brand new 10 year lease direct to Coles Group to June 2029 plus options to 2049
Fixed annual 3% rent increases – including at exercise of option
Tenant pays usual outgoings as per the lease
Coles Express: 685+ outlets across the country & subsidiary of ASX Top 20 company Coles Group – Market cap $17B
Blue chip PAD site within Silkstone Village Shopping Centre, anchored by high volume Coles plus 9 complimentary retailers including Liquorland and 275 car parking spaces
As new improvements constructed 2017 including double skin fibreglass tanks
Significant tax depreciation benefits
City of Ipswich: population to increase 143% to 520,000 by 2041. 95% of households owning at least one car^
Net Rent: $200,873 pa

^(Source: City of Ipswich)

Auction 11am AEST Wednesday 26 June 2019
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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