Corner Teviot Road & Cusack Lane Flagstone QLD 4280

+ Near New 12 Year Lease to 2030 plus Options to 2050
+ 7- Eleven: Australias #1 Convenience Retailer with 700 + Locations & 38 % Market Share
+ Greater Flagstone population forecast for unprecedented growth from 5,902 to 120,000. Expect major developments include - 50,000 dwellings plus major commercial and education precincts
+ Attractive net lease with fixed, compounding 3.5% annual rent increases
+ As new improvements built 2018 , significant depreciation benefits estimated 74% of first years rent is income tax free
+ Development Upside: High Profile 1.92 ha corner site with major exposure to arterial intersection potential for future Fast Food, Childcare, Supermarket, Retail, Residential developments (STCA)
+ Tenant pays all usual outgoings as per the lease excluding land tax
+ Located on the central intersection of Cusack Lane (major arterial to Gold Coast) and Teviot Road (major arterial to Brisbane)
+ Only 1.5km to Flagstone Central anchored by Woolworths, and only 3km to Flagstones fast emerging CBD.
+ Net Income : $290,867.00 pa +GST

Auction: 10.30 am AEDT, Wednesday 9 December 2020
Venue: Crown Casino, Melbourne (interstate bidding options available on the day)

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