Stonebridge is pleased to present ‘Petstock Kingaroy’ for sale via National Portfolio Auction on 19 February at 11am (AEDT).

The asset has the following key investment features:

– Brand new 7 year net lease to 2032, plus options to 2046, with fixed 3% annual rent increases

– Petstock – Dominant national retailer majority owned by Woolworths with 200+ locations, boasting a $1.2Bn valuation

– Substantial 2,539 sqm* freehold site with 32* car parks, improved by two modern concrete tilt panel buildings completed in 2021, offering strong depreciation benefits

– Strategically developed to be seamlessly integrated with high performing Bunnings, and to benefit from direct frontage and access to the D’Aguilar Highway

– Prominent retail location anchored by established national retailers including Bunnings, BCF, Mitre 10, Harvey Norman and Reece Plumbing, with new Spotlight and Repco developments further enhancing the precinct

– Kingaroy – The largest city in the South Burnett Region, underpinned by a diverse and productive economy contributing to $18.76 billion* Gross Regional Product

– Landlord favourable Net Lease – Tenant responsible for all usual outgoings including Management, Insurance, Rates & General Repairs & Maintenance

– Net Income $200,000 pa* + GST

‘Petstock Kingaroy’ is for sale via National Portfolio Auction on 19 February at 10.30am (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Our ID: a0TOd00000bY1MSMA0

Our Ref: National Portfolio, Retail

Property Code: 1545