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Coles Express, 130-132 Edward Street Ayr, QLD 4807

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Coles Express, 130-132 Edward StreetAyr, QLD 4807

Shop & Retail • Showrooms & Bulky Goods
Sold Price

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Land area

2015.0m²

Floor area

80.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

15 Apr 2015

15 Year Triple Net Lease to Coles Express

  • Coles Express: Subsidiary of Wesfarmers
  • Annual Fixed 3% Rent Increases
  • DA Approved Fast Food/Drive Thru Outlet
New 15 year lease to 2029 plus options to 2044.
Coles Express: A subsidiary of Coles Group Limited with 642 outlets and wholly owned by Wesfarmers Limited, an ASX Top 10 Company.
Fixed annual 3% rental increases.
Potential upside: DA approved fast food/drive through outlet.
Strategic CBD site between Coles & Woolworths supermarkets.
Tenant pays all outgoings incl. Land Tax and building insurance.
Significant 2,015 sqm corner site with dual frontage totalling 89m.
Premier retail and commercial zoning.
Ayr is the commercial hub for the Burdekin Delta: Australia's largest sugar producing region.
Substantial depreciation benefits.
Rent: $288,400 pa (as at June 2015).

Auction 11am AEST Wednesday 15 April.
River Room, Crown Casino, Melbourne.

Property ID: 501493559Last Updated: 15 Aug 2016

Coles Express, 130-132 Edward Street
Ayr, QLD 4807

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Jamie Perlinger
Burgess Rawson - Melbourne
Coles Express, 130-132 Edward Street Ayr, QLD 4807

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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