450 Bayswater Road,
Mount Louisa, QLD 4814

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$8,000,000

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Brand New Trophy Asset - National Tenants - New 15 & 10 Year Leases

Brand new property and leases
High profile corner site
National tenants

Prime high profile corner fuel convenience drive-thru fast food centre
15 Year lease to United Petroleum + options to Dec. 2051 with 3% reviews
10 Year lease to Dominos + options to Nov. 2037 with CPI reviews
15 Year lease to Red Rooster + options to Dec. 2041 with CPI reviews
10 Year lease to Tube Burgers + options to Feb. 2032 with 3.75% reviews
Substantial 4,048 sqm corner site
Lettable area - 1,129 sqm
United Petroleum is Australia's largest independent fuel supplier
Tenants pay outgoings as per respective leases
Constructed in 2016 providing a modern, purpose built fuel station coupled with nationally tenanted drive-thru fast food stores
Huge depreciation & taxation benefits
The property is situated in one of Townsville's strongest growth corridors
Net Income: $501,762 p.a. + GST (Inclusive of Land Tax)

Auction 12 noon AEDT, Wednesday 28 February 2018
River Room, Crown Casino, Melbourne

Property ID: 502669982Last Updated: 3 May 2018

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