High Yielding Blue-Chip Convenience Retail Investment | 15 Year Net Lease
Description
Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 43 Queen Elizabeth Drive, Berserker QLD for sale via Investment Portfolio Auction 175.
This opportunity has the following key investment highlights:
+ Anchored by a fifteen (15) year net lease to Chevron to 2030 plus two (2) further five (5) year options to 2040
+ Chevron Corporation (NYSE: CVX): major international energy company, with a market cap of $430 billion
+ Supported by a six (6) year net lease Elite Real Estate secured with guarantees
+ Elite Real Estate: established property management agency
+ Over 93% of income secured by Chevron Corporation
+ High profile 1,733sqm* freehold with triple street frontage and exposure to 20,000 vehicles passing daily*
+ Constructed in 2015, and fully refurbished in 2023 offering modern infrastructure and substantial depreciation benefits
+ Highly sought-after lease structure with tenants responsible for all outgoings, including land tax and management fees
+ Attractive CPI & CPI +1% annual reviews
+ Strategically positioned only 900m* to the Rockhampton CBD, surrounded by high profile occupiers including Woolworths, Target, JB Hi-Fi, McDonald’s, KFC, Hungry Jack’s & Red Rooster
+ Rockhampton: a diverse and thriving $5.12 billion* economy with a population of 85,000 people & globally recognised as the ‘Beef Capital of Australia’
+ Net Income: $429,702 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 27 March 2025
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information.
*Approx.
Berserker, QLD
43 Queen Elizabeth Drive
For Sale by Portfolio Auction
This property is part of Portfolio 175
Price: Contact Agent