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Home Hill IGA, 129 Eighth Avenue Home Hill, QLD 4806

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Home Hill IGA, 129 Eighth AvenueHome Hill, QLD 4806

Shop & Retail
Sold Price

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Land area

0.45ha (1.11 acres)

Floor area

1500.0 - 5000.0m²

Tenure type

Tenanted Investment

Sold on

08 Dec 2015

SOLD! 15 Year Lease to ASX Listed National Retailer - Full Line Supermarket & Bank

- Metcash Lease – from 2014 to 2029 plus options
- Bendigo Bank – new 5 year lease plus 5 year option
- Get Fit Home Hill leased to November 2018
- As new improvements of 1,570 sqm on 4,510 sqm site with Highway frontage
- Substantial depreciation allowances
- Home Hill – close to Ayr in rich agricultural Burdekin region
- Both tenancies on annual 3% rental increases
- Minimal management investment
- Site allows for further development (STCA)
- Net Income: $337,750 pa + GST

Auction 11am AEDT Tuesday 8 December
Sofitel Wentworth Hotel, Sydney

Property ID: 501761146Last Updated: 7 Oct 2016

Home Hill IGA, 129 Eighth Avenue
Home Hill, QLD 4806

Agency contacts

Burgess Rawson (QLD) - Brisbane

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Burgess Rawson (QLD) - Brisbane

Level 24,324 Queen Street
BRISBANE CITY, QLD 4000
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Michael Gilbert
Burgess Rawson (QLD) - Brisbane
Home Hill IGA, 129 Eighth Avenue Home Hill, QLD 4806

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

Kind Regards,

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