Burgess Rawson are pleased to offer to the market Bundamba Discount Pharmacy located at 47 Hawkins Crescent, Bundamba (Ipswich) QLD for sale via Portfolio Auction 173.

The property has the following investment highlights:

+ New ten (10) year head office net lease to Only Health to 2034, plus two (2) further five (5) year options to 2044
+ Only Health: leading independent operator with 15+ locations in Australia and a pipeline of growth forecasted
+ Bundamba Discount Pharmacy: experienced local pharmacy with a strong and established customer base, operating in the Caltex Travel Centre directly opposite the subject property for five years and relocating to accommodate increased demand
+ Difficult to obtain pharmacy licensing establishes a significant barrier to entry, preventing competitor encroachment and supporting the tenant’s ongoing success as a high-performing location
+ Tenant responsible for 100% of outgoings including land tax & management fees, as per the lease
+ Brand new construction in 2024, offering maximum depreciation benefits
+ Last chance to purchase the final remaining property in the thriving Bundamba Retail Hub – KFC, Banjo’s Bakery Café, Subway & Car Wash – SOLD!
+ Significant 1,681sqm* freehold site with important 16 on-site car park and direct access to the Warrego Highway, servicing 70,000+ vehicles daily*
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ State-of-the-art 263sqm* NLA building constructed with the ability to service three separate tenancies
+ Strategically positioned in the Walker Corporations Citiswich Business Park – a 350 hectare* master-planned Industrial estate, opposite Costco’s 13,750sqm* warehouse ensuring the strong trade of the tenant
+ Perfectly located within 500 metres* of KFC, Oporto, Zambrero’s, Subway, Banjo’s Bakery, Caltex, Eco Wash Hub & both the Cosco Warehouse & the Reject Shop Distribution Centre
+ Ipswich: 8th fastest growing metropolitan location in Australia with forecast population growth of 167% to 670,000+ by 2046
+ Net Income: $135,000 pa + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 12 December 2024
The Hilton, Brisbane

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

*Approx.