107 Spencer StreetGatton, QLD 4343
17 Sep 2014
Freestanding Retail Investment
- 5 year lease from March 2015 + options
- ASX listed company
- Freestanding building of 1,201 sqm
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