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Sold on 17 Sep 2019

14 Stockland Drive Kelso NSW 2795

  • Shop & Retail
  • 1,275 m²
  • Sold

8% Yield Expected - 6 Year lease to national brand tenant

    Adjacent to recently expanded Bunnings, Officeworks, Good Guys, Supercheap & others
    Tenant trading in centre since 2011
    Furniture One: national brand retailer with 34 stores

    Auction
    11am AEST Tuesday 17 September 2019
    Doltone House Hyde Park, Sydney

    Leased to December 2024 + options to December 2030
    Kelso: Bathursts major growth centre (population & bulky goods), substantial recent Govt. infrastructure investment
    Bathurst: strong resident population of 42,231, generating GRP of $1.97 billion; population expected to swell by 25% (10,000+ residents) by 2036
    Substantial 1,275 sqm building area
    Easily managed single tenant investment
    Fixed 3.5% annual rent increases (net income $182,267 in 2023)

    Net Income: $158,836 pa + GST

    AUCTION

    Auction date and time17/09/2019 11:00
    Auction location14 Stockland Drive, Kelso NSW

    Property Highlights

    Property ID2015527619
    Date Sold17 Sep 2019
    Floor Area1,275 m²
    Land Area1,294 m²
    ParkingAsk Agent
    Category
    Last updated  23 Sep 2019
    Map for 14 Stockland Drive Kelso NSW 2795
    Map for 14 Stockland Drive Kelso NSW 279514 Stockland Drive Kelso NSW 2795
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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