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89 West Street
Mount Isa QLD 4825
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Sold on 13 May 2022

89 West Street Mount Isa QLD 4825

  • Shop & Retail
  • 5,815 m²
  • Sold

Brand New Standalone Bunnings Investment

    Brand new 10-year lease to 2032 plus options to 2080.
    Secured by Bunnings Group Limited, Australia's leading DIY home improvement retailer.
    Bunnings recently announced a 26.1% sales growth over the past 2 years (1).
    Favourable, set-and-forget, net lease terms.
    Annual rent reviews.
    Brand new development, opened in February 2022, with 64% of year 1 rent ($442,000) potentially tax deductible (2).
    15,430sqm corner landholding with 165 at-grade car spaces.
    Strategic location in major regional hub supported by Coles, Kmart, Woolworths, KFC and McDonald's, all within 1km.
    Mount Isa: median house price up 23% in the last 12 months (3).
    Net Income: $695,000pa*

    For Sale by Investment Portfolio Auction
    10:30am (AEST) Wednesday 11 May 2022
    Crown - Melbourne

    *Approx
    1 Wesfarmers
    2 Mazo Pty Ltd
    3 CoreLogic

    AUCTION

    Auction date and time11/05/2022 10:30
    Auction locationCrown Casino - River Room - Melbourne

    Property Highlights

    Date Sold13 May 2022
    Floor Area5,815 m²
    Land Area1.54 ha
    ParkingAsk Agent
    Property ID2017730391
    Category
    Last updated  13 May 2022
    Map for 89 West Street Mount Isa QLD 4825

    Property Highlights

    Date Sold13 May 2022
    Floor Area5,815 m²
    Land Area1.54 ha
    ParkingAsk Agent
    Property ID2017730391
    Category
    Last updated  13 May 2022

    Co-Agents

    Billy Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0422 817 696
    Campbell Bowers
    Campbell Bowers
    Burgess Rawson Queensland
    Call
    0405 127 588
    Darren Beehag
    Burgess Rawson Sydney
    Call
    0411 226 223

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