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COLES KENSINGTON, 130A Takalvan Street Kensington, QLD 4670

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COLES KENSINGTON, 130A Takalvan Street Kensington, QLD 4670

Shop & Retail
Sold Price

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Land area

3.03ha (7.48 acres)

Floor area

6002.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

22 Apr 2019

WALE 11.3 YEARS - BRAND NEW COLES CENTRE

  • Long WALE 11.30 (by income)
  • Additional land for expansion
  • Secure income - 77% underpinned by Coles
CBRE are pleased to present to market the Coles Kensington Neighbourhood Centre in Bundaberg, with a very long WALE of 11.3 years.

Coles Supermarket anchors the centre and trades strongly servicing customers seeking a high level of convenience.

The 4,639sqm* supermarket, which is the
largest in Bundaberg, is complemented by The Reject
Shop, in addition to a range of food/beverage and
service retailers.

We would like to draw your attention to the following key investment attributes;

- LONG WALE 11.30 year WALE (By Area) and 10.5 years by Income
- ADDITIONAL DEVELOPMENT 9,372sqm* of land for future development and expansion of the centre
INCOME SECURITY - 83% of income secured by long leases to Coles, Liquorland and The Reject Shop
- CUSTOMER CONVENIENCE. The largest most convenient supermarket in Bundaberg, ample carparking with shade sails
- STRONG DEMOGRAPHICS. 65,820 population in Main Trade Area with strong Primary and Secondary sectors
- HIGH GROCERY DEMAND. Young families dominate the customer base thus a high food and grocery demand
- HIGH DEPRECIATION BENEFITS. Newly built supermarket, that provides the purchaser with positive tax efficient cashflow.
- FULLY LEASED NET INCOME - $1,917,123* (As of 31 December 2018)


Coles Kensington is for Sale by Expression of Interest – Closing Thursday 8th November 2018 4PM (AEST)

Property ID: 502998870Last Updated: 8 Jul 2019

COLES KENSINGTON, 130A Takalvan Street
Kensington, QLD 4670

Agency contacts

CBRE - Brisbane

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CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
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Send to:

Peter Rossi
CBRE - Brisbane
COLES KENSINGTON, 130A Takalvan Street Kensington, QLD 4670

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

Kind Regards,

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