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166 Gainsborough Drive
Pimpama QLD 4209
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Sold on 21 Mar 2023

166 Gainsborough Drive Pimpama QLD 4209

  • Shop & Retail
  • 741 m²
  • Sold

Prime Gold Coast Fast Food & Convenience Investment Thriving Retail 'Mecca' Location

  • Neighbouring McDonald’s & Woolworths
  • Substantial 3,130 sqm* Site
  • 15 Year Anchor Lease & 4% Increases

Stonebridge National Investment Sales is pleased to present to the market 7-Eleven & Subway Pimpama (Gold Coast) for sale via Expressions of Interest closing Thursday 9 March at 5pm (AEDT).

The asset has the following key investment features:

- 7-Eleven Secure 15 year net lease to 2031 + options to 2048 with attractive fixed 4% increases

- Head company lease to 7-Eleven Trophy convenience retail tenant covenant across 720+ locations nationally

- Subway Secure 6 year net lease to 2026 + option to 2031 with fixed annual increases

- Head company lease to Subway - Global sandwich chain dominating the Australian market with the most fast food outlets of all operators, 1,229+ stores nationally

- Modern, well-configured 7-Eleven and Subway convenience retail offering (built 2017), providing significant depreciation benefits and seamlessly integrated with neighbouring Bridgestone tyre & auto centre

- Substantial 3,130 sqm* corner site with 28 dedicated car parks on title and ease of all directional access via signalised intersection and smart road network comprising roundabouts and 'slip' lanes

- Prime location within key retail precinct and carriageway neighbours include Woolworths anchored Pimpama Junction Shopping Centre, McDonalds, Red Rooster, Zambrero, United, Bunnings, Officeworks, Petbarn, Guzman y Gomez, Oporto and Carl's Jr.

- High profile 55 metre frontage to Yawalpah Road, the major thoroughfare connecting Pimpama's retail precinct to the nearby Pacific Motorway M1

- Pimpama Australia's sixth fastest growing suburb in the booming Brisbane to Gold Coast corridor, boasting 24% population growth and over $400m* of development planned or underway by the likes of Mirvac, Stockland and AV Jennings

- Net Leases Tenants pay all usual outgoings including general repairs and maintenance

- Fully leased net income of $486,868 pa* + GST

*Approximately

7-Eleven and Subway Pimpama (Gold Coast) is for sale via Expressions of Interest closing Thursday, 9 March at 5pm (AEDT). Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 590

Stonebridge Property Group Pty Ltd
Stonebridge Property Group Pty Ltd
Level 29, 10 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold21 Mar 2023
Floor Area741 m²
Land Area3,130 m²
ParkingAsk Agent
Property ID2018337648
Category
Last updated  9 May 2023
Map for 166 Gainsborough Drive Pimpama QLD 4209

Nearest transport* to 166 Gainsborough Drive Pimpama QLD 4209

Bus
Train
Dixon Dr at Pimpama Junction183 m
Gainsborough Dr at Terrace Street232 m
Gainsborough Dr at Terrace Street252 m
Dixon Dr at Pimpama Junction264 m
This data is © 2023 The State of Queensland, licenced under CC BY 4.0.
*Within a 4km radius
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Stonebridge Property Group Pty Ltd
Stonebridge Property Group Pty Ltd
Level 29, 10 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold21 Mar 2023
Floor Area741 m²
Land Area3,130 m²
ParkingAsk Agent
Property ID2018337648
Category
Last updated  9 May 2023

Co-Agents

Michael Collins
Michael Collins
Stonebridge Property Group Pty Ltd
Call
+61 404 023 204
Tom Moreland
Tom Moreland
Stonebridge Property Group Pty Ltd
Call
+61 408 072 822
Kevin Tong
Kevin Tong
Stonebridge Property Group Pty Ltd
Call
+61 422 848 818

More about 166 Gainsborough Drive Pimpama QLD 4209

166 Gainsborough Drive Pimpama QLD 4209 is categorized as Shop & Retail Property. It has a floor area of 741 m² and a land area of 3,130 m². The listing ID for this property is 2018337648.

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