6+ YEAR WALE - 100% OCCUPIED BY REPCO & CASH CONVERTERS
302 Anzac Avenue, Kippa-Ring QLD 4021
Contact Agent
RetailSize: n/a
Block size: 1619 m² approx.
CBRE Queensland Retail Investments are pleased to present a highly unique investment opportunity featuring two standalone buildings occupied by leading National tenants Repco and Cash Converters on long-term leases.
The asset is situated in a prime location within a very tightly held precinct and offers income security with a 6.2-year* Weighted Average Lease Expiry (WALE) by income. The property benefits from a large frontage providing enormous exposure to approximately 40,000* cars daily.
- 100% leased to ASX listed companies Repco and Cash Converters
- Income security via long term net leases providing 6.2 year* WALE
- Guaranteed income growth from favorable net leases with excellent review structures
- Prominent position with large 46m* frontage to Anzac Avenue, the major arterial road in the Moreton Bay region providing over 40,000* daily passing vehicles
- Prime location enveloped in a large, established and growing retail trade area adjacent to Kippa Ring Shopping Centre and Peninsula Fair in a dominant precinct home to leading retailers such as Woolworths, Coles, Kmart, Target and an unprecedented number of automotive business as well as the Redcliffe Raceway
- Within easy walking distance from the new Redcliffe Peninsula Railway Line (Kippa-Ring Railway Station)
- Rare metropolitan location with excellent parking and exposure to traffic only 8km east of North Lakes
- Substantial improvements with two freestanding buildings on a large 1,621sqm site
- $339,733pa* Net Income as at 1st December 2019
THE PROPERTY IS FOR SALE VIA OFFERS TO PURCHASE.
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
*Approximately
The asset is situated in a prime location within a very tightly held precinct and offers income security with a 6.2-year* Weighted Average Lease Expiry (WALE) by income. The property benefits from a large frontage providing enormous exposure to approximately 40,000* cars daily.
- 100% leased to ASX listed companies Repco and Cash Converters
- Income security via long term net leases providing 6.2 year* WALE
- Guaranteed income growth from favorable net leases with excellent review structures
- Prominent position with large 46m* frontage to Anzac Avenue, the major arterial road in the Moreton Bay region providing over 40,000* daily passing vehicles
- Prime location enveloped in a large, established and growing retail trade area adjacent to Kippa Ring Shopping Centre and Peninsula Fair in a dominant precinct home to leading retailers such as Woolworths, Coles, Kmart, Target and an unprecedented number of automotive business as well as the Redcliffe Raceway
- Within easy walking distance from the new Redcliffe Peninsula Railway Line (Kippa-Ring Railway Station)
- Rare metropolitan location with excellent parking and exposure to traffic only 8km east of North Lakes
- Substantial improvements with two freestanding buildings on a large 1,621sqm site
- $339,733pa* Net Income as at 1st December 2019
THE PROPERTY IS FOR SALE VIA OFFERS TO PURCHASE.
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
*Approximately
Inspections
No open inspections scheduled.
Send an enquiry
Contact Darren Collins to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
1619 m²*
Other Details
Lot:
1
Plan Type:
RP
Plan:
130060
Legal description:
1/RP130060
Maps and area information
Block information
Block size: 1619m² (approx)
Legal description: 1/RP130060
Measurements are estimates only and based on data provided under licence from
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SummaryMedian sales
Average Age
46 years
Population
9,745
Listing ID: 177175008. This listing has been viewed 25 times. It was first displayed on 22/08/2019 and last updated on 01/10/2019.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.