15 year lease to June 2021 + options to 2046.
Tenant is a wholly owned subsidiary of Wesfarmers Ltd,an ASX top 10 company.
Residential suburb of Cairns just 3km west of CBD
546sqm site with 5 on site car spaces.
Attractive 4% fixed annual increases.
Tenant pays outgoings including council, water and insurance.
Major growth City and commercial hub of Far North Queensland with trade catchment population of circa 200,000.
Net Income: $53,288 pa + GST (as at June 2016).