Description

Greg McMahon from Ascot Real Estate is pleased to present to market for sale this superb shop and attached warehouse which provides a rock solid investment with a generous income anchored by a long term tenant.

Located across the road from Sugarland Shopping Complex featuring easy access and egress and superb street frontage for the happy tenants, this is a superb long term investment which is better than money in the bank in the current economic conditions.

The property occupies a strategic position within the large regional city of Bundaberg.

PROPERTY FEATURES
• 700m2 combined shop and warehouse space.
• 640m2 internal floor-space.
• Combined 2,560 (approximately) cubic metres of internal space in total.
• INITIAL 7 Year Lease commenced 1 February 2023 expiring 31 January 2030.
• 2 Further 5 Year Options to 31 January 2040.
• Yearly Rent Review on 1 February each year of CPI or 3.5% whichever is lower.
• Current rent $8,780 per month PLUS GST.
• Rates, Insurance and Body Corporate paid by Tenant.
• Two roller door drive through access.
• Zoned Major Centre.
• Net Return of 5.55%
• Close to Sugarland Shopping Centre, Bunnings, Coles and the Johanna Boulevarde Shopping Precinct.

Call or email Exclusive Listing Agent Greg McMahon on 0414 518 315 or [email protected]