Located on the most visible and highly trafficked corner in the city, Lot 4/111 George Street represents a strong strata-titled retail investment opportunity.
Lot 4 is the largest of the 9 tenancies.
Lot 4 is split into two tenancies Comprising TAB and HomeCorp.
Tabcorp (trading as TAB) underwriting 67% of the tenancy and are Australia's leading gambling/ entertainment group. TAB have a 7 year lease with 2x5 year options with their current (first) term ending Jul 2023.
HomeCorp, a large residential development firm, have leased the balance of the tenancy on a two + two year lease which commenced approx. Dec 2020. Homecorp will be using the tenancy as a sales office for their 1200 lot subdivision, "The Pines'.
A DD package is available upon request, following the signing of an NDA.
Key Words:
Retail Lease / Retail Shopping Centre / Gambling / Shop / School / Highway / Fuel / Queensland / SEQ / Commercial / Rent / High Yield / TABCORP / Rockhampton / Bundaberg / Gympie / Maryborough / Gladstone / Strip Retail / Food