Burges Rawson are pleased to present a fully leased investment located at 18 Alford Street, Kingaroy QLD for sale via Portfolio Auction 172. The property has the following investment highlights: + Fully leased CBD building anchored by government tenant + Anchored by a four (4) year lease plus options to 2030 to Queensland Government Department of Transport & Main Roads + Supported by brand new three (3) & five (5) year leases to valuable retail tenants with longstanding occupation - 12+ years on site + Queensland Government Department of Transport & Main Roads: responsible for the planning, managing & delivery of Queensland’s transport network + Landlord-favourable rent reviews with a mixture of CPI, listed, fixed 3% and 3.5% rent increases, ensuring rental growth + Strategically positioned 1,012sqm* CBD landholding improved with a well-maintained 954sqm* NLA office/retail building + Substantial $700,000 Government funded fit-out recently completed prior to occupation, showcasing long-term commitment to the site + Prominently positioned opposite Kingaroy’s main shopping centre - Kingaroy Shopping World, anchored by major retailers Woolworths, Big W, Best & Less & supported by over 40 specialty stores + Situated within immediate proximity of surrounding national tenants including KFC, Mcdonald’s, ALDI, Hungry Jack's & Supercheap Auto + Conveniently located to Kingaroy’s major social infrastructure including Kingaroy Town Hall (130m*), Kingaroy Hospital (900m*) & Kingaroy Hospital (4km*) + South Burnett Region: a key growth corridor of Queensland with a diversified economy, boasting a GRP of $2.11 billion + Kingaroy: robust commercial hub, 155km* from Brisbane with estimated 32,555* trade catchment and known as the Peanut Capital of Australia + Net Income: $113,315 pa* + GST For Sale by Investment Portfolio Auction 10:30am AEST Thursday 31 October 2024 The Hilton, Brisbane Please contact the exclusively appointed Burgess Rawson team for more information. *Approx.
Email enquiry to Burgess Rawson - Brisbane
Property ID: 504702484