52-56 Yandilla Street Pittsworth QLD 4356

Shop & Retail
1,617 m²
Sold

Stand-Alone IGA Supermarket With New 10 year lease

Ray White Commercial QLD are pleased to present to the market 52 - 56 Yandilla Street, Pittsworth QLD for sale by way of Auction. The auction will be conducted on Friday 14 May 2021, 10.15 am at Level 26, 111 Eagle Street, Brisbane City QLD.

Investment Highlights:
- A well-established, single tenanted and freestanding IGA.

- Low maintenance asset that was purpose built for the tenant.

- 2,688sqm of major centre land, benefiting from high street exposure to the main thoroughfare of Pittsworth and has potential for future expansion.

- 100% leased for over 14 years, combined with a brand new 10-year lease reinforces the tenant's long-term commitment to this property.

- IGA is one of the worlds most recognised supermarket brands with over 5,000 stores in over 30 countries and over 1,400 of these stores (IGA and associated brands) located in Australia.

- Fixed CPI increases providing strong income growth which are secured by personal guarantees from the tenant.

- Net income of $268,344* + GST pa

* Approximately