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81 Main Street, TOOWOOMBA (WESTBROOK) QLD

Main Street, Westbrook

Auction: Tuesday, 22 September 2020

POA
Price
555sqm
Size
retail

Description

+ Brand new 10 year lease to McDonald?s Australia to 2030 plus options to 2040 + McDonald?s is Australia?s #1 fast food restaurant with over 970 stores nationally + Near new 15 year lease to 7-Eleven to 2033 plus options to 2053 + 7-Eleven is Australia?s #1 convenience retailer with over 700 stores nationally and approximately 38% market share + Guaranteed rental growth with annual, fixed 3% and CPI+1% compounding rent increases + Tenants pay all usual outgoings (excl. land tax) + Impressive 4,028 sqm corner site with 3 street frontages, creating 203 metres of combined frontage + High profile, gateway location with the Gore Highway connecting Westbrook?s residential growth precinct and the Toowoomba CBD + Substantial tax depreciation benefits with up to 65% of the first year rent potentially free of income tax + Toowoomba: Australia?s second largest inland city after Canberra located 90 minutes west of Brisbane with a strong trade catchment of 169,000+ and set for rapid growth to 200,000 by 2035 + Westbrook: Identified as a major growth area of Toowoomba, with master-planned communities, Coles anchored shopping centre and proposed Catholic primary and secondary schools + Combined Net Income: $448,611 pa + GST Auction: Commencing 11am Wednesday 23 September 2020 Venue: Auctionworks, 50 Margaret Street, Sydney (interstate bidding options available on the day) Approximate

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