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1-3 Empire Street, Paget, QLD, 4740

Properties / Buy / Queensland / Paget

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Thursday 17th of October 2024 at 11am (AEST)

Land Area

6,267 m² (*approx)

Property Type

Retail

Sub-type

Service Station

Terms

Newly exercised 5-year lease (expiring 2029) with 3 x 5 year options

Est. Income

$640,000 p/a

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2. Property Highlights

Trophy Convenience Retail Investment - Corporate lease to ASX listed Ampol

Strong Net Income of $640,000* p.a.
Brand new 5 year option (expiring 2029)
Over 175,000+ Cars Passing Weekly

Highlights of the opportunity include:

• Corporate lease to one of the largest fuel operators, Ampol Petroleum with over 1,800 locations throughout Australia.

• Total net income of $640,000* per annum.

• Newly exercised 5-year lease (expiring 2029) with 3 x 5 year options.

• Stable and predictable income growth of the greater of CPI or 3%.

• Commanding 6,267sqm* lot with significant long term value add potential.

• Direct exposure to Bruce Highway with over 175,000* cars per week.

• Whole-of-land lease where the tenants pay for all outgoings including land tax.

• Located only 4.5km* southwest of the Mackay City Centre.

For further information, contact the exclusive marketing agents at Colliers today.

For Sale via auction on Thursday 17th of October 2024 at 11am (AEST) in rooms at Colliers, Level 30, 111 Eagle Street, Brisbane.

* Approximate. Image locations and outlines are approximate and indicative only.

Remember to mention you found this property on CommercialReady

Property Type

Retail

Sub-type

Service Station

Est. Income

$640,000 p/a

Terms

Newly exercised 5-year lease (expiring 2029) with 3 x 5 year options

Land Area

6,267 m² (*approx)

Selling Method

Auction

Auction Date

17 Oct 2024 11:00AM

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Selling Details

Thursday 17th of October 2024 at 11am (AEST)

2. Property Highlights

Trophy Convenience Retail Investment - Corporate lease to ASX listed Ampol

Strong Net Income of $640,000* p.a.
Brand new 5 year option (expiring 2029)
Over 175,000+ Cars Passing Weekly

Highlights of the opportunity include:

• Corporate lease to one of the largest fuel operators, Ampol Petroleum with over 1,800 locations throughout Australia.

• Total net income of $640,000* per annum.

• Newly exercised 5-year lease (expiring 2029) with 3 x 5 year options.

• Stable and predictable income growth of the greater of CPI or 3%.

• Commanding 6,267sqm* lot with significant long term value add potential.

• Direct exposure to Bruce Highway with over 175,000* cars per week.

• Whole-of-land lease where the tenants pay for all outgoings including land tax.

• Located only 4.5km* southwest of the Mackay City Centre.

For further information, contact the exclusive marketing agents at Colliers today.

For Sale via auction on Thursday 17th of October 2024 at 11am (AEST) in rooms at Colliers, Level 30, 111 Eagle Street, Brisbane.

* Approximate. Image locations and outlines are approximate and indicative only.

Remember to mention you found this property on CommercialReady

1-3 Empire Street, Paget, QLD, 4740 Paget

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Colliers - Brisbane CBD

Level 30, 111 Eagle Street | Brisbane, QLD 4000 | Australia

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Hunter Higgins

+61 *** *** *** show +61 406 997 936

Sam Polichronis

+61 *** *** *** show +61 415 610 324

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

1-3 Empire Street, Paget, QLD, 4740