720 Ingham Road, MOUNT LOUISA (Townsville) (MLB 24/10)

10 year lease to 2023 plus options to 2033 Penske Power Systems is fully owned by international transportation services company Penske Automotive Group, Inc. listed on New York Stock Exchange (PAG), and capitalised at approximately $26 Billion Tenant pays all outgoings, as per lease Minimum 2% annual rent increases, or CPI, whichever the greater Prime high exposure prominent main road corner position with 88m frontage Quality 1,781 sqm building comprising 700 sqm of office space Substantial 7,948 sqm site Ample on-site car spaces 7 km west of the Townsville CBD Townsville: the capital city of Far North Queensland with a growing population of 190,000+ forecast to grow to 300,000+ by 2036 Generous depreciation allowances Net Income: $338,408 pa + GST Auction 11am AEDT Wednesday 24 October 2018 River Room, Crown Casino, Melbourne