Burgess Rawson are pleased to present Bridgestone located at 3-7 Jones Street, East Wagga Wagga NSW for sale via Investment Portfolio Auction 172.

The property has the following investment highlights:

+ Five (5) year head office lease to Bridgestone Corporation to December 2027
+ One (1) further five (5) year option to December 2032
+ Bridgestone Corporation: Australia’s largest tyre retailer with 340+ stores nationally, market cap of AUD $42.6 billion & wholly owned subsidiary of Tokyo listed Bridgestone Corporation
+ Defensive annual reviews to the greater of CPI or 3.5% increases, ensuring rental growth
+ Landlord favourable net lease structure with the tenant paying all outgoings including land tax and management fees
+ Longstanding tenant occupation with Bridgestone occupying the site for 20+ years
+ Single tenant minimal management investment
+ Significant 12,734sqm* landholding comprising an impressive 2,140sqm* facility occupying only 17% of the site
+ 6,943sqm* of developable land with favourable ‘General Industrial zoning’ allowing for long term future expansion (STCA)
+ Prominently positioned in Wagga Wagga’s key industrial precinct and located within immediate proximity of major retail centre’s Wagga Wagga Marketplace & Wagga Wagga Home Base, anchored by national retailers Woolworths, Big W, Harvey Norman and supported by numerous specialty stores
+ Wagga Wagga: New South Wales largest inland city with $15 billion of infrastructure projects in the pipeline and a population forecast to increase to 77,540 by 2036
+ Net Income: $233,025 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Tuesday 29 October 2024
Yallamundi Room, Sydney Opera House

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.