International Tenant – 10 Year Lease to 2033
Description
Prime 4,940 sqm site
Triple Net Lease
Net Income: $472,770 pa + GST
- Prime 4,940*sqm site on 2 titles neighbouring Woolworths anchored Northside Plaza shopping centre
- Autopact operates 28 dealerships along the eastern seaboard. A wholly owned
subsidiary of Optimus Group Co Ltd, listed on the Tokyo stock exchange with operations in Japan, Australia and New Zealand - High profile main road position with 3 street frontages – estimated 20,000 vehicles passing daily
- Architect designed and quality constructed 1,546*sqm building only 10 years old
- Attractive annual 3% rent increases
- Tenant pays all outgoings including land tax and management fees
- Company guarantees and six months rent bank guarantee
- State of the art service centre, large showroom area, modern well-appointed offices, amenities, with significant on-site car parking
- Rockhampton City: Regional capital of Central Queensland, gateway to the Great Barrier Reef, with a population of over 85,000 and widely regarded as the beef capital of Australia
SOLD – May 2024
*Approximately
Address
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Address: 210 Musgrave Street, Berserker (Rockhampton)
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State/county: Queensland
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Zip/Postal Code: QLD 4701
Details
Updated on June 3, 2024 at 4:27 am-
Property ID CECI-3746
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Property Type Automotive, Large Format Retail, Retail
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Property Status Sold
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Contact Information
Neither the Vendor nor its representatives or agents, Commercial East Coast Investments give any warranty or representation as to the lease summary items included above or of the current net income. Purchasers are recommended to review the lease in its entirety and to seek their own legal advice.
