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107 Spencer Street Gatton, QLD 4343

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107 Spencer StreetGatton, QLD 4343

Shop & Retail
Sold Price

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Land area

2100.0m²

Floor area

1201.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

17 Sep 2014

Freestanding Retail Investment

  • 5 year lease from March 2015 + options
  • ASX listed company
  • Freestanding building of 1,201 sqm
Renewed 5 year lease from March 2015 plus 1 x 5 year option to March 2025.
Target Australia Pty Ltd: wholly owned subsidiary of Wesfarmers Ltd, a Top 10 ASX listed company with operating income of $59.8 billion (FY 2013).
Store above turnover threshold resulting in immediate rental growth.
Prominent freestanding building built in 2005 comprising 1,201 sqm with 40 metre retail frontage.
Large 2,100 sqm site adjoining council car park.
Trophy location opposite Coles & McDonalds.
Gatton: 86km west of Brisbane, underpinned by Lockyer.
Valley agriculture and home to University of QLD Gatton Campus.
Net Rent: $227,532 pa.

Auction 11am Wed 17 Sept, River Room Crown Casino.

Property ID: 501267023Last Updated: 15 Aug 2016

03 9 *** ***
107 Spencer Street
Gatton, QLD 4343

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Burgess Rawson - Melbourne
107 Spencer Street Gatton, QLD 4343

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

Kind Regards,

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