Brisbane: Brand New 10 Year Lease (Scheduled to Open November)

Lot 2/188-202 Wayne Goss Drive, Berrinba QLD

Property Highlights

New 1,597 sqm development
New 10 year lease to Sparkles
Blue-chip metro Brisbane precinct
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Description

New 10 year lease to Sparkles Car Wash, a fast growing network of 15 stores across south east Queensland.
Secure lease with personal and bank guarantees.
Net lease terms with the tenant responsible for council rates, water rates, insurance, repairs and maintenance.
Strong and certain rental growth with annual rent increases to the greater of 3% and CPI.
Strategic Logan Motorway corridor location alongside Starbucks, Bridgestone, United Petroleum and more.
Surrounded by many of Brisbane’s most important logistics facilities (Charter Hall, GPT, Frasers, Google, Toll, DHL, Metcash, JB Hi-Fi, Sigma Pharmaceuticals, Michelin, John Deere, Mitre 10, Lion Drinks and Dairy, Rinnai and Penrite Oil) and a Woolworths shopping centre.
Easily accessible 1,597 sqm* site with 4 wash bays and 4 vacuum bays.
Brand new development, opening in November 2020.
Major tax depreciation benefits with 56% of year 1 rent potentially tax deductible**.
Logan: Local population forecast to grow by 50% to 500,000 by 2036***, attracting $1.7 billion in industrial development in the last 18 months****.
Estimated net rent: $89,677 pa

To be sold by Burgess Rawson Investment Portfolio Auction:
10.30am AEDT, (9.30am Brisbane time) Wednesday 9 December 2020.
(Bridgestone and Starbucks freehold investments also available for purchase separately on the day.)

*Approx
**Napier and Blakeley
***Logan City Council
****Urban Developer

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,597 SQM
Building Area
206 SQM

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