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Yokohama Tyres & Jon Stafford Road
Stafford QLD 4053
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Sold on 28 Jun 2023

Yokohama Tyres & Jon Stafford Road Stafford QLD 4053

  • Shop & Retail
  • 700 m²
  • Sold, $4,290,000

New Tyre & Auto Asset In Blue-Chip Brisbane Suburb - Opposite Bunnings

  • Renowned Retail Precinct 6 km* to CBD
  • Newly Built - Huge Depreciation Benefits
  • Subsidiary of $5.6 Billion Yokohama

Stonebridge National Investment Sales is pleased to present Yokohama Tyres & Jones Tackle Stafford (Brisbane) for sale via National Portfolio Auction on Wednesday 28 June at 11am.

The asset boasts the following key investment features:

- Yokohama - 7 year net lease to 2027 + options to 2042 with market leading annual rent increases, being the greater of 3% or CPI

- Leased to prized subsidiary of Tokyo Stock Exchange listed Yokohama Group - Global automotive giant established in 1917 with operations in 120 countries, boasting a $5.6 billion market cap.

- Jones's Tackle - 10 year lease to 2032 + options to 2042, proven retailer with 40+ year track record

- Newly constructed improvements (built 2020) by Hutchinson Builders, providing 700sqm of modern tilt panel tyre & auto and retail accommodation, offering substantial tax depreciation benefits

- Prime 2,182 sqm* landholding with large 45 metre frontage to major arterial Stafford Road (28,500+ vehicles daily*), only 6 km* to Brisbane CBD

- Positioned as part of renowned Brisbane retail precinct directly opposite Bunnings and Stafford City Shopping Centre, anchored by Woolworths, ALDI, Kmart, McDonalds and Guzman y Gomez, welcoming 3.3 million visitors p.a.

- Stafford - Well established metropolitan 'in-fill' residential and commercial suburb undergoing major renewal and regentrification driven by convenience and inner-city affordability

- Leases secured by Cash Bond and Personal Guarantees

- Yokohama responsible for all usual outgoings incl. Rates, Insurance, Land Tax and General Repairs & Maintenance

- Net Income $218,585 pa* + GST

Yokohama Tyres & Jones Tackle Stafford (Brisbane) is for sale via National Portfolio Auction on Wednesday 28 June at 11am.

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 689

AUCTION

Auction date and time28/06/2023 11:00
Auction locationSee description

Property Highlights

Date Sold28 Jun 2023
Sold Price$4,290,000
Floor Area700 m²
Land Area2,182 m²
ParkingAsk Agent
Property ID2018557818
Category
Last updated  13 Nov 2023
Map for Yokohama Tyres & Jon Stafford Road Stafford QLD 4053

Property Highlights

Date Sold28 Jun 2023
Sold Price$4,290,000
Floor Area700 m²
Land Area2,182 m²
ParkingAsk Agent
Property ID2018557818
Category
Last updated  13 Nov 2023
Level 29, 10 Eagle St Brisbane City QLD 4000

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