Coles Express 130-132 Edwards Street AYR QLD 4807
Price on Request

DESCRIPTION

15 year lease to 2029 plus options to 2044.
Fixed annual 3% rent increases plus ratchet provisions.
Tenant pays all outgoings including land tax.
Coles Express: 685 outlets across the country and subsidiary of new ASX Top 20 company Coles Group – Market cap $15 billion.
Strategic town centre site between Woolworth’s and supporting Coles Supermarket.
Significant 2,015 sqm corner site with dual frontage totalling 89m.
Potential upside with previous Development Approval for fast food tenancy including drive-thru.
Taxation saving depreciation benefits available.
Ayr: Commercial hub of the Burdekin Delta - Australia’s largest sugar producing region.
Rent: $324,596 pa (June 2019).

Private Sale