SOLD
73 Blackstone Road, Ipswich, QLD 4305
As New Coles Express Investment
Brand new 10 year lease direct to Coles Group to June 2029 plus options to 2049
Fixed annual 3% rent increases – including at exercise of option
Tenant pays usual outgoings as per the lease
Coles Express: 685+ outlets across the country & subsidiary of ASX Top 20 company Coles Group – Market cap $17B
Blue chip PAD site within Silkstone Village Shopping Centre, anchored by high volume Coles plus 9 complimentary retailers including Liquorland and 275 car parking spaces
As new improvements constructed 2017 including double skin fibreglass tanks
Significant tax depreciation benefits
City of Ipswich: population to increase 143% to 520,000 by 2041. 95% of households owning at least one car^
Net Rent: $200,873 pa
^(Source: City of Ipswich)
Auction 11am AEST Wednesday 26 June 2019
River Room, Crown Casino, Melbourne
Fixed annual 3% rent increases – including at exercise of option
Tenant pays usual outgoings as per the lease
Coles Express: 685+ outlets across the country & subsidiary of ASX Top 20 company Coles Group – Market cap $17B
Blue chip PAD site within Silkstone Village Shopping Centre, anchored by high volume Coles plus 9 complimentary retailers including Liquorland and 275 car parking spaces
As new improvements constructed 2017 including double skin fibreglass tanks
Significant tax depreciation benefits
City of Ipswich: population to increase 143% to 520,000 by 2041. 95% of households owning at least one car^
Net Rent: $200,873 pa
^(Source: City of Ipswich)
Auction 11am AEST Wednesday 26 June 2019
River Room, Crown Casino, Melbourne
Property Info
Municipality
Ipswich
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
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NEARBY PROPERTIES
Jamie Perlinger
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