Entry-Level IGA Investment

RWC Retail are proud to present IGA Millmerran, for sale by Auction on Friday 6th September 2024 at Level 26, 111 Eagle Street, Brisbane City.

|What|
• Fully leased 1,260sqm* retail investment, 90% underpinned by an IGA Supermarket
• Anchored by IGA on a 15 year term to 2029, with an option to 2034.
• Ultra low maintenance investment with just 2 tenants
• WALE of 4.23 years (by area)
• Net Income of $90,015 + GST p.a.

|Where|
• 1,565sqm* land parcel with 2-street frontage in Millmerran
• 80km* West of Toowoomba in the word-renowned Darling Downs region
• Located on the Gore Highway, forming part of the primary inland route between Brisbane and Melbourne
• Soon to be serviced by the federal Inland Rail project, one of Australia's largest infrastructure projects

|Why|
• Anchored by the only full-line supermarket in Millmerran
• Inflation resilient CPI increases for the IGA Supermarket, providing a defensive income profile
• Immediate & long-term rental reversion upside, with the IGA and Tobacconist on very affordable $80/sqm* and $128/sqm* gross rents

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