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51-53 Bundock Street, Belgian Gardens, QLD, 4810

2. Property Highlights

Entry Level ASX Listed Investment | Renewed 5 Year Lease to Endeavour Group
  • 5 year lease + options to 2053
  • Favourable CPI rent reviews
  • Located 3km* to Townsville CBD

Burgess Rawson is pleased to offer to the market BWS located at 51-53 Bundock Street, Belgian Gardens (Townsville) QLD for sale via our Investment Portfolio Auction 161.

This opportunity has the following key investment highlights:

+ Renewed five (5) year lease to Endeavour Group to 31 August 2028

+ Five (5) further five (5) year options to 2053

+ Endeavour Group (ASX: EDV): Australia’s largest hotelier and liquor retailer, with 339 ALH hotels, 1,761 Dan Murphy’s/BWS stores and a market capitalisation of $11.30 billion

+ Favourable CPI annual rent reviews

+ Strong trading store with tenant in occupation since 2017

+ High exposure 1,356sqm* freehold corner site on main thoroughfare with exposure to 30,000 vehicles passing daily^

+ 150sqm* NLA shopfront with awning for dedicated waiting bays

+ Strategic location on one of Townsville’s busiest intersections with frontage to main thoroughfare, Bundock Street

+ Belgian Gardens: affluent suburb inbound and located 3km* to the Townsville CBD

+ Townsville: economic capital of North Queensland with over $27 billion in infrastructure projects underway and population forecast to grow by 45% by 2041

+ Net Income: $54,234 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Thursday 22 June 2023

The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

^ Gapmaps

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3. Property Location

51-53 Bundock Street, Belgian Gardens, QLD, 4810

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4. Due Diligence

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51-53 Bundock Street, Belgian Gardens, QLD, 4810 Belgian Gardens
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