High Yielding Mitre 10 | Triple Net Lease

Ray White Retail are proud to present Mitre 10 Bundaberg, For sale at 6.65% ($3,600,000)

|What|
• 2,370sqm* large format retail investment
• Ultra-rare triple net lease = all outgoings recoverable including land tax
• Whole of land lease to Mitre 10 (Drive-thru Trade Centre & Hardware Store)
• Net Income of $239,423 + GST p.a.

|Where|
• High-profile 4,510sqm* corner land parcel with 132m* of three-street frontage
• Within a major Bundaberg retail precinct, less than 500 metres from major shopping centres, driving strong traffic to the area
• 360km* North of Brisbane
• A population in excess of 106,000 and a GRP of over $6 billion

|Why|
• Safe investment - Leased for 34 years as a hardware store
• Inflation resistant with CPI annual increases
• Highly affordable base rent of $101/sqm*, with scope for significant rental uplift
• The only Mitre 10 in the Bundaberg-Bargara region
• Mitre 10 is owned 100% by the ASX-listed Metcash, who also own the IGA, Total Tools and Home Hardware brands

*Approximately

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