Burgess Rawson are pleased to present Bridgestone located at 3-7 Jones Street, East Wagga Wagga NSW for sale via Investment Portfolio Auction 172. The property has the following investment highlights: + Five (5) year head office lease to Bridgestone Corporation to December 2027 + One (1) further five (5) year option to December 2032 + Bridgestone Corporation: Australia’s largest tyre retailer with 340+ stores nationally, market cap of AUD $42.6 billion & wholly owned subsidiary of Tokyo listed Bridgestone Corporation + Defensive annual reviews to the greater of CPI or 3.5% increases, ensuring rental growth + Landlord favourable net lease structure with the tenant paying all outgoings including land tax and management fees + Longstanding tenant occupation with Bridgestone occupying the site for 20+ years + Single tenant minimal management investment + Significant 12,734sqm* landholding comprising an impressive 2,140sqm* facility occupying only 17% of the site + 6,943sqm* of developable land with favourable ‘General Industrial zoning’ allowing for long term future expansion (STCA) + Prominently positioned in Wagga Wagga’s key industrial precinct and located within immediate proximity of major retail centre’s Wagga Wagga Marketplace & Wagga Wagga Home Base, anchored by national retailers Woolworths, Big W, Harvey Norman and supported by numerous specialty stores + Wagga Wagga: New South Wales largest inland city with $15 billion of infrastructure projects in the pipeline and a population forecast to increase to 77,540 by 2036 + Net Income: $233,025 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.
Burgess Rawson - Brisbane
Level 13, 241 Adelaide Street, Brisbane-City, Qld
Propriété ID: 504703432