51-53 Bundock Street Belgian Gardens QLD 4810

Burgess Rawson is pleased to offer to the market BWS located at 51-53 Bundock Street, Belgian Gardens (Townsville) QLD for sale via our Investment Portfolio Auction 161.

This opportunity has the following key investment highlights:

+ Renewed five (5) year lease to Endeavour Group to 31 August 2028
+ Five (5) further five (5) year options to 2053
+ Endeavour Group (ASX: EDV): Australia's largest hotelier and liquor retailer, with 339 ALH hotels, 1,761 Dan Murphy's/BWS stores and a market capitalisation of $11.30 billion
+ Favourable CPI annual rent reviews
+ Strong trading store with tenant in occupation since 2017
+ High exposure 1,356sqm* freehold corner site on main thoroughfare with exposure to 30,000 vehicles passing daily^
+ 150sqm* NLA shopfront with awning for dedicated waiting bays
+ Strategic location on one of Townsville's busiest intersections with frontage to main thoroughfare, Bundock Street
+ Belgian Gardens: affluent suburb inbound and located 3km* to the Townsville CBD
+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow by 45% by 2041
+ Net Income: $54,234 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 22 June 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^ Gapmaps