+ Brand new 10 year lease to 2031 plus option to 2041.
Investor preferred net lease terms with Bridgestone paying all outgoings including Land Tax.
+ Annual CPI reviews.
+ Bridgestone: Australia’s largest tyre retailer with 339 stores nationally. Bridgestone Australia Limited is wholly owned by Bridgestone Corporation (TYO: 5108), a AUD$30 billion public company listed on the Tokyo Stock Exchange.
+ Irreplaceable 1,278sqm landholding with 3 street frontages .
+ New build, offering significant depreciation benefits.
+ Prime location opposite the recently built $15.5 million Coles Flagstone Village – Features a 3,500sqm Coles supermarket, nine specialty stores and more than 240 car parking bays. Less than 2 km from various high profile tenants including Woolworths, 7-Eleven, McDonald’s, BWS and Domino’s.
+ The City of Logan has a current population of 341,985 with the number forecast to increase by 46% to a population exceeding 500,000 by 2036.* Declared as a Priority Development Area (PDA) in 2010, Flagstone and Yarrabilba are expected to accommodate a combined 200,000 people by 2066.**
+ Estimated Net Rent: $100,000 pa.
To be sold by Burgess Rawson Investment Portfolio Auction
Wednesday 4th August 2021 at Crown Casino Melbourne, Victoria
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
* LOED
** Property Council
