Petstock, 12-14 George Street, Gordonvale, Qld 4865

Burgess Rawson is pleased to offer to the market Petstock at 12-14 George Street, Gordonvale QLD for sale via our Investment Portfolio Auction 173.

This opportunity has the following key investment highlights:

+ 15 year net lease to 2037 plus option to 2042
+ PETstock: majority owned by Woolworths Group, Australia's #1 retailer with sales of $67.9 billion* in FY24^
+ Landlord friendly net lease, tenant responsible for 100% of all usual outgoings, as per lease
+ Fixed compounding 3% annual rental increases, ensuring income growth
+ Substantial 579sqm* corner freehold with dual street frontage of 49 metre*, providing valuable exposure
+ Low-Density Residential zoning, filled with families and in close proximity to dog parks
+ Strategic positioning near essential services including Gordonvale Hospital, and national brands IGA, Woolworths and McDonald's
+ Gordonvale: located in Cairns Regional Council with a population of 175,398 and a GRP of $11.46 billion^^
+ Net Income: $40,845 pa* + GST

To be Sold by Investment Portfolio Auction
10:30am AEDT Tuesday 10 December 2024
Yallamundi Rooms, Sydney Opera House

One of Five Petstock (Woolworths) leased freehold investments available as part of Burgess Rawson's December Portfolio Auction.

Please contact the exclusively appointed sales team for more information

*Approx.
^woolworthsgroup.com.au
^^economy.id