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Stonebridge Property Group - BRISBANE CITY

69 Thuringowa Drive Kirwan, QLD 4817

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69 Thuringowa Drive,
Kirwan, QLD 4817

Medical & Consulting • Shop & Retail • Offices

Price information

Sale - Expression of Interest

Contact Agent

Under Contract

Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$186,367
Number of Tenants
1 Tenant
Tenants / Type
National Dental Care

Private inspections

to arrange a private inspection.
Stonebridge Property Group - BRISBANE CITY
Michael Collins
Tom Moreland
Thomas Proberts

Stonebridge Property Group - BRISBANE CITY

Level 24, 10 Eagle Street
BRISBANE CITY, QLD 4000
Stonebridge Property Group - BRISBANE CITY
69 Thuringowa Drive
Kirwan, QLD 4817

Map of 69 Thuringowa Drive

Directions
  • Bus stops within 5 km of 69 Thuringowa Drive, Kirwan, QLD 4817Distance
    Hudson St at Kirwan High School227 m
    Thuringowa Dr at Hinchinbrook Drive243 m
    Thuringowa Dr at Charles Street277 m
    Hudson St at Kirwan High366 m
    Malbon Rd at District Grand Lodge522 m
    POWERED BY HERE ©
POWERED BY HERE ©

Prime Medical Investment - Renewed Triple Net Lease to National Tenant

  • Renewed 5 Year Triple Net Lease to 2027
  • Secure National Tenant - 60+ Location
  • Minimum 4% Annual Rent Increases
Stonebridge is pleased to present to the market 69 Thuringowa Drive, Kirwan (Townsville) for Sale via Expressions of Interest.

The asset has the following key investment features:

• Renewed 5 year triple net lease to 2027 + options to 2042
• Corporate Head Company Lease to National Dental Care - Leading national dental service provider across 60+ locations
• Strong performing & longstanding dental practice in operation 17+ years, current patient wait times up to 8 months
• Highly exposed 786 sqm* site with direct frontage and access to major arterial Thuringowa Drive (25,000+ vehicles per day)
• Modern, fully refurbished and well configured dental surgery featuring state-of-the-art equipment
• Recent and ongoing tenant investment by NDC, including enhanced fit-out and new dental equipment
• Strategic ‘activity centre’ position near multiple schools, Coles, Woolworths & Big W anchored Willows Shopping Centre, Health Campus, McDonald’s, Hungry Jack’s, Dan Murphy’s and medical centres
• Townsville - Major North QLD city boasting a multi-faceted $12.38 Billion economy and population of 229,031+
• Secure lease structure including ‘ratchet’ provision, ensuring rent cannot decrease
• Triple Net Lease - Tenant pays all outgoings including Land Tax, Management Fees and Structural Repairs & Maintenance
• Rare minimum 4% annual rent increases
• Net Income $186,367 pa* + GST

The investment is for sale by way of Expressions of Interest closing Monday 11th April at 1pm.

Should you hold interest in the asset please contact the exclusively appointed Stonebridge property professionals.

*Approx.

Property ID: 504027655Last Updated: 21 May 2022

Stonebridge Property Group - BRISBANE CITY
Level 24, 10 Eagle Street
BRISBANE CITY, QLD 4000
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