In Brisbane, 1/1300 Samford Road is a 133sqm strata pharmacy leased to Terry White on a brand new five year lease to 2031, with two further five year options. The property generates a net income of $133,660 + GST p.a., and is superbly positioned on Samford Road with exposure to approximately 146,300 vehicles weekly.
Marketing agent Michael Feltoe said, “This is a clean, set & forget pharmacy investment with one of Australia’s most recognisable brands,” Mr Feltoe said. “Having a new lease, a proven 20+ year history as a pharmacy, and strong exposure on a major arterial road, this is the ideal entry-level healthcare investment.” Terry White Ferny Grove is being Auctioned on Friday 20th March.
In Bundaberg, 1 Electra Street is a 2,370sqm freestanding large format retail (LFR) asset leased to Sunshine Mitre 10 on a triple net lease to 2028, with a further five year option to 2033. The property generates $239,423 plus GST per annum and occupies a prominent 4,510sqm corner site with three street frontage. It is being offered For Sale at $3,600,000, reflecting a 6.65 per cent return for the incoming purchaser.
Marketing agent Oscar Little said the Bundaberg offering represents exceptional bang for buck, “Not only is there security with Mitre 10 being a proven national hardware brand owned by ASX listed Metcash, but this property has been operating as a hardware store for over three decades,” Mr Little said. “And with a triple net lease plus scope for significant rental uplift, this is a straightforward regional investment with strong income and long term upside.”
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