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Sold on 17 May 2021

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

    AUCTION

    Auction date and time14/05/2021 10:15
    Auction locationLevel 26, 111 Eagle Street, Brisbane City QLD
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Michael Feltoe
    Ray White Commercial (QLD)
    Michael Feltoe
    Ray White Commercial (QLD)

    Property Highlights

    Property ID2016930863
    Date Sold17 May 2021
    Floor Area1,617 m²
    Land Area2,688 m²
    Parking35 x Onsite parkings
    Category
    Last updated  31 May 2021
    Map for 52-56 Yandilla Street Pittsworth QLD 4356
    Map for 52-56 Yandilla Street Pittsworth QLD 435652-56 Yandilla Street Pittsworth QLD 4356
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Michael Feltoe
    Ray White Commercial (QLD)
    Michael Feltoe
    Ray White Commercial (QLD)

    Property Highlights

    Property ID2016930863
    Date Sold17 May 2021
    Floor Area1,617 m²
    Land Area2,688 m²
    Parking35 x Onsite parkings
    Category
    Last updated  31 May 2021
    Ray White Commercial (QLD)
    Level 26 111 Eagle St Brisbane City QLD 4000
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Michael Feltoe
    Ray White Commercial (QLD)
    Michael Feltoe
    Ray White Commercial (QLD)
    Lachlan O'Keeffe

    Lachlan O'Keeffe

    Ray White Commercial (QLD)

    Michael Feltoe

    Michael Feltoe

    Ray White Commercial (QLD)

    0413 *** ***
    0413 464 137

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