SOLD - Deception Bay (Brisbane) - 12 Year Lease with 4.0% Fixed Annual Increases

Cushman & Wakefield is pleased to present to the market 1 Baylink Avenue, Deception Bay (Brisbane) for Sale via Offers to Purchase.

The property has the following key characteristics:

• 12 year lease to 2027 + options to 2047
• 7-Eleven Stores Pty Ltd - Australia’s leading convenience retailer with 700+ stores nationally. Global conglomerate with 68,000+ stores in 17 countries
• Robust investment asset, Lessee providing Essential Services open 24 hours
• Commanding 2,166 sqm corner site on Lipscombe Road and Baylink Avenue
• As new modern facility built in 2015 offering significant depreciation benefits
• Landlord friendly net lease with 7-Eleven paying all outgoings (excluding Land Tax)
• Tenant responsible for maintenance of fuel storage tanks and any site remediation required
• Adjoining North Lakes - The 4th fastest growing suburb in Australia over the last 5 years (ABS Census)
• Fixed 4.0% annual rent increases
• Net Income $331,769 pa + GST

For more information please contact the Exclusive property proessionals at Cushman & Wakefield.