Burgess Rawson is pleased to offer to market Units 1-3, 251 Ross River Road, Aitkenvale (Townsville) QLD, to be sold in one line via Offers to Purchase.
This opportunity has the following key investment highlights:
+ Ten (10) year net lease to Greencross Vets with option to 2034
+ Greencross Vets: subsidiary of publicly listed private equity firm TPG & superannuation giants AustralianSuper & HOOPP, currently operating as Australia's largest veterinary services provider with a 18.9% compound AGR in sales revenue#
+ Supported by eight (8) year net lease to Pet HQ with option to 2032
+ Pet HQ: privately operated pet supplies store, on-site since 2004
+ Landlord favourable CPI rental reviews (last review at 7.8%)
+ Diversified income over 2,700sqm* NLA retail/showroom with 2 year rental guarantee on vacancy, ensuring income security
+ Favourable Mixed-Use zoning, offering long-term flexibility to accommodate a broad range of uses including retail, medical/allied health and commercial office tenants
+ Situated on a commanding 4,550sqm* corner site with dual street frontage, offering exposure to 25,000 passing vehicles daily^
+ Three individually titled lots allowing for flexible ownership structure
+ Optimally located between Townsville University Hospital and Mater Private Hospital, offering strategic positioning that benefits future medical uses
+ Conveniently positioned near major retailers such as BP, Caltex, Dan Murphy's as well as Townsville's premier shopping village, Stockland Shopping Centre, which is underpinned by major retailers Myer, Coles, Woolworths, Big W & 132 specialty tenants
+ The Townsville Region: home to one of the most diverse economies in regional Australia, generating a Gross Regional Product (GRP) of $15.892 billion*
+ Net Income: $477,705 pa* + GST
For Sale by Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
#AFR
^Townsville City Council
