Burgess Rawson, MMJ Real Estate (Melbourne) Pty Ltd & Investwise Property are pleased to offer to the market, Officeworks, North Lakes QLD for sale via Private Treaty.
The property has the following investment highlights:
+ Leased to Officeworks until September 2027 plus options to 2047
+ 100% of rent from Officeworks; market leading essential service tenant - wholly owned by $51 billion Wesfarmers Ltd - with average annual sales growth of 9.1% since 2017
+ 4,029sqm* gateway corner site with 57 at-grade car spaces
+ Bunnings, Costco, McDonald's, Reece, 7-Eleven, Taco Bell, ARB, Petbarn, Yamaha, Total Tools, Repco, Jaycar, Hill Top Shopping Centre within 1km*
+ Captive office and school supply markets with 35,460 workers and 20,938 full-time students within 5km (1)
+ Booming growth corridor location, with population forecast to jump by 45% by 2041 (2)
+ Strong growth with annual fixed 2.5% rent increases
+ Built in 2017 with significant depreciation benefits, 59% of year 1 potentially rent tax deductible (3)
+ Rare sub-$10 million Wesfarmers investment
+ Net Income: $372,936 pa* + GST
To be sold by Private Treaty
1. GapMaps
2. Moreton Bay Regional Council
3. JM Advisory
Burgess Rawson Agents
Raoul Holderhead 0413 860 304
Neville Smith 0400 068 205
Beau Coulter 0413 839 898
Billy Holderhead 0422 817 696
MMJ Real Estate (Melbourne) Pty Ltd Agents
Joel Wald 0412 352 252
Investwise Agents
Cameron Kay 0427 007 009
