SOLD - Kingaroy - Brand New Investment with Development Upside

Cushman & Wakefield’s National Investment Sales team is pleased to present to the market 4 Barron Park Drive, Kingaroy for Sale via Auction.

The property has the following key characteristics:

•  Brand new 7 year lease to 2028  + options to 2043
• Tranzmile - Truck & Trailer Parts specialists with 5 locations across QLD and NSW
• Rural QLD’s biggest Truck & Trailer Parts showroom providing heavy duty parts for the regions Farming and Logistics sectors incl. Trucks, Trailers, Agricultural Machinery and 4WD’s
• New premises purpose built in 2019 totaling 830 sqm
• Large site 3,740 sqm offering future upside with 1,200 sqm* of vacant land for additional development
• Prime location & exposure to the Bunya Highway, linking Kingaroy to the major farming and mining communities
• Kingaroy - Largest town in the South Burnett Region, local population of 33,000+, bustling economy with $1.94 Billion GRP
• Landlord friendly lease with tenant responsible for all usual outgoings and repairs and maintenance
• Secured by Bank Guarantee and Director’s Guarantee
• CPI annual rent increases
• Net Income $103,500 pa + GST

The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Wednesday 28 July at 10am.

Interested parties based in New South Wales will have access to our Live Stream and Online Bidding Platform strictly via prior arrangement.

Interstate Live Stream and Bidding Facilities will be available at the below Venues;

Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street, Brisbane
Melbourne - Dexus Place - Level 14, 385 Bourke Street, Melbourne

Should you hold interest in bidding on the asset from one of these locations or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.