Transact Property Group are delighted to present 92-94 East Street in Rockhampton to the market for sale via Expressions of Interest.
Underpinned by a brand new 5 year lease with options until 2034, this asset offers the astute investor the rare opportunity to acquire a centrally located CBD retail investment, leased to an established tenant in a thriving regional centre.
Features include:
– Established retail tenant since 2014
– Part of the Woods Retail Group (Six Retail Stores)
– 5-year lease with options until 2034
– 100% of outgoings paid by the tenant (excl. Land Tax)
– 2,122m² in Net Lettable Area
– Critical FIFO location for the Adani Carmichael Mine
– QLD Government recently announced they will invest $1.1b in the region
– Prime CBD location in close proximity to a number of national tenants
Net Income: $195,000* pa + GST
For further details, a copy of the information memorandum or to organise an exclusive inspection please contact Daniel Cullinane of Transact Property Group.
*Approx.
