15 year lease to 2029 plus options to 2044.
Fixed annual 3% rent increases plus ratchet provisions at options.
Tenant pays all outgoings including land tax.
Coles Express: 685 outlets across the country and subsidiary of new ASX Top 20 company Coles Group – Market cap $17b.
Strategic town centre site between Woolworths and Coles Supermarket.
Significant 2,015 sqm corner site with dual frontage totalling 89m.
Potential upside with previous Development Approval for fast food tenancy including drive-thru.
Ayr: Commercial hub of the Burdekin Delta - Australia’s largest sugar producing region.
Net Income: $324,596 pa + GST
Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne
For more details, please email agent