Brisbane Bridgestone: New 10 Year Lease

Lot 1/188-202 Wayne Goss Drive, Berrinba QLD

Property Highlights

Brand new 10 year lease
$30 billion publicly listed tenant
Brand new construction
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Description

New 10 year lease direct to Bridgestone Australia Ltd, Australia’s #1 tyre brand** with 300 stores nationally.
Bridgestone Australia is wholly owned by Bridgestone Corporation, a $30 billion company listed in the Tokyo Stock Exchange.
Net lease terms with tenant responsible for council rates, water rates, insurance, repairs and maintenance.
Annual compounding 3% rent increases.
Strategic Logan Motorway corridor location, just off Browns Plains Road, alongside Starbucks, 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.
Brand new 609 sqm* facility with onsite car parking.
Significant depreciation benefits with 37% 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*****.
Secure essential service investment.
Estimated net rent: $99,611 pa.

Proudly developed by De Luca.

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

*Approx
**Reader’s Digest
***Napier and Blakeley
****Logan City Council
*****Urban Developer

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
466 SQM
Building Area
609 SQM

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