13 Railway Street, Gatton, QLD, 4343

Colliers Toowoomba are proud to present 13 Railway Street, Gatton to the sale market via Expressions of Interest closing Thursday 26th September 2024 at 4pm.

This property spans across an 870m² freehold allotment, boasting a generous 14m frontage along Gatton’s main retail strip. The property’s net lettable area measures 295m² and serves as a retail banking space, accommodating the ASX-listed tenant, Westpac Banking Corporation since 1990.

The asset is receiving a net annual income of $80,196.42 + GST with 100% of the outgoings (excluding land tax) paid by the tenant. With strong trade in the Lockyer Valley region, and a demand for cash-based business, longevity of the tenancy remains.

Key Features:

- 295m² net lettable area

- Occupied by ASX listed tenant Westpac Banking Corporation since 1990

- Achieving an annual net income of $80,196.42 + GST

- Lease in place until 1st June 2026 with 3 x 3-year options

- Tenant pays 100% of the outgoings (excluding land tax)

- Attractive 3.5% annual increases

- Zoned commercial town centre

- Situated on the main street of Gatton

- Located only 30 minutes east of Toowoomba and 1 hour west of Brisbane

Being strategically positioned in the centre of Gatton's main thoroughfare, and in proximity to the town's primary shopping hubs, makes it an outstanding asset with great future potential.

This is an excellent opportunity for investors seeking a secure and high-potential investment.

Accelerating success. For more information, please contact Dan Dwan of Colliers Toowoomba.

Remember to mention you found this property on CommercialReady