Burgess Rawson is pleased to offer to market a rare distribution and storage gem located at 27 Charlie Triggs Crescent, Thabeban (Bundaberg) QLD for sale via Expressions of Interest.
This investment has the following key investment highlights:
PFD Food Services:
+ Five (5) year net lease to a subsidiary of ASX Listed Woolworths Group Limited-PFD Foods
+ Two (2) further three (3) year options through to 2032
+ Favourable annual CPI rental reviews (last review 7.7% increase)
+ Woolworths Group Limited (ASX: WOW): Australia's #1 retailer, with sales of $60.9 billion in FY2022
+ PFD Foods: one of Australia's largest food service distributors and part of Woolworths' B2B Food division with Q1 FY23 sales up 26%
+ Tenant pays 50% of council rates and building insurance and 100% of all remaining outgoings
+ Expansive 8,249sqm* landholding with 1,089sqm* NLA purpose-built warehouse/distribution facility plus 120sqm* of office accommodation and 540sqm* of awning space
Storage Sheds:
+ Secure additional income provided from two 751sqm* freestanding storage buildings consisting of 32 large (8m x 6m) storage sheds, offering a strong value-add opportunity
+ The storage sheds are fully leased with limited tenant turnover
+ Situated in a tightly held area for storage, ensuring long term tenant commitment and income security
+ 100% externally managed, creating a set-and-forget income stream
+ Unique large landholding with dual concrete crossover access from Charlie Triggs Crescent and full drive around site capabilities.
+ Strategically located 3km* east of the Bundaberg Regional Airport
+ Bundaberg Region: rapidly expanding area with population forecast to grow 42% by 2041
+ Estimated Net Income: $219,361 pa* + GST
For Sale via Expressions of Interest
Closing 4:00pm (AEST) Thursday 2 March 2023
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
