SOLD - Townsville - Secure Bridgestone Tyre & Auto Investment - 10 Year Corporate Net Lease

Cushman & Wakefield is pleased to present to the market 81 Lakeside Drive, Idalia (Townsville) for Sale via Auction.

The property has the following key characteristics:

• Secure 10 year corporate net lease to 2025 + options to 2035
• Bridgestone Australia Ltd - Wholly owned subsidiary of Bridgestone Corporation with 300+ locations nationwide. Market Cap. $44.4 Billion
• High profile 1,291 sqm site off the Bruce Highway with dual street exposure to Lakeside Drive & major arterial Abbott Street
• Strategically located within Townsville’s new $110 Million trade services & retail precinct, only 200m from Bunnings, Reece Plumbing, Tradelink, Petbarn, Pillowtalk, Woolworths, Coles & Kmart
• Purpose built for Bridgestone in 2015, offering modern improvements & significant depreciation benefits
• Part of one of Townsville’s fastest growing region of Fairfield Waters, a highly awarded master planned community 4 km from the CBD - Population projected to increase 35% by 2031
• Townsville - Resilient Queensland city boasting a multi-faceted $12.38 Billion economy, population 197,000+
• Net lease - Tenant pays all outgoings including Land Tax & Management Fees
• Fixed 3% annual rent increases
• Net Income $128,958 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.