Cushman & Wakefield is pleased to present to the market 81 Lakeside Drive, Idalia (Townsville) for Sale via Auction.
The property has the following key characteristics:
- Secure 10 year corporate net lease to 2025 + options to 2035
- Bridgestone Australia Ltd - Wholly owned subsidiary of Bridgestone Corporation with 300+ locations nationwide. Market Cap. $44.4 Billion
- High profile 1,291 sqm site off the Bruce Highway with dual street exposure to Lakeside Drive & major arterial Abbott Street
- Strategically located within Townsville's new $110 Million trade services & retail precinct, only 200m from Bunnings, Reece Plumbing, Tradelink, Petbarn, Pillowtalk, Woolworths, Coles & Kmart
- Purpose built for Bridgestone in 2015, offering modern improvements & significant depreciation benefits
- Part of one of Townsville's fastest growing region of Fairfield Waters, a highly awarded master planned community 4 km from the CBD - Population projected to increase 35% by 2031
- Townsville - Resilient Queensland city boasting a multi-faceted $12.38 Billion economy, population 197,000+
- Net lease - Tenant pays all outgoings including Land Tax & Management Fees
- Fixed 3% annual rent increases
- Net Income $128,958 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.
Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.
Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.
