Trophy Ascot Freestanding Supermarket Investment | 20 Year Net Lease
Michael Feltoe & Lachlan O'Keeffe are proud to present for sale IGA Marketplace Ascot - a once-in-a-generation freestanding trophy asset leased to a premium supermarket tenant on a new 20 year lease in Brisbane's 3rd most affluent suburb.
|What|
• A freestanding single tenanted supermarket leased to experienced supermarket operator's HG Retail
• Brand new 20-year whole of land net lease, with the tenant responsible for all outgoings (excluding land tax)
• Freestanding building with 974sqm of under roof area that underwent over $4 million in capital improvements in 2022, providing a state-of-the-art offering and significant depreciation benefits
• Net Income of $590,500 + GST p.a.
|Where|
• Prestigious 1,821sqm* site in the heart of the prized suburb of Ascot, just 5km* from the Brisbane CBD
• Ascot is Brisbane's 3rd most affluent suburb with a median house price of $2,300,000 and median per capita income 71%** greater than the QLD benchmark.
• Surrounded by significant traffic generating amenity including 4 of Brisbane's most prestigious schools within 1km along with the neighbouring Oriel Markets Centre
|Why|
• An ultra low-maintenance investment with the tenant responsible for day-to-day maintenance of the property
• Fixed 3% annual increases, guaranteeing base rent growth to over $815,000 in 2032 and growing
• IGA Marketplace is a proven premium supermarket brand with 5 locations across some of Brisbane's most affluent metropolitan suburbs including New Farm & St Lucia
• Providing absolute convenience with 24 onsite car parks together with a pedestrian crossing and bus stop directly out front of the site
*Approximate
**realestate.com.au
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