LARGE BRICK INNER CITY SHOWROOM FULLY LEASED TO BURSON AUTOMOTIVE LEASE EXPIRY 31/5/2029 PLUS 2 X 3 YEAR OPTIONS
$2,200,000
- 134 Alma Street
ROCKHAMPTON CITY
This 2-level brick commercial building provides prime high exposure with a frontage of approximately 20m to busy Alma Street and also a 20m frontage to Alma Lane.
Easy customer off street car parking is available at the front of this building and a Rockhampton Regional Council car park over the road from this building provides free inner city public car parking.
The ground floor provides an air conditioner show room at the front of the building, office area, staff lunch room, toilet facilities plus a large extra high warehouse area. Internal stairs lead to the top level that provides additional staff and storage areas.
Fully leased to Burson Automotive Pty Ltd ACN 006 613 378 who is a subsidiary of Bapcor Limited, a major ASX publicly listed company. Burson Automotive Pty Ltd commenced business in 1971 and now operate over 210 company owned and operated stores in every state and territory in Australia. These stores are serviced from two state of the art distribution centres, from which a fleet of over 1,200 vehicles deliver to workshops Australia-wide and employ approx. 2,500 team members. Thus company is possibly the country's number-one choice for automotive after-market parts, tools and equipment.
Commencement Date: 01/06/2024 ( Ingorinal lease commencement date 1/6/2025 )
Expiry Date: 31/05/2029
Option Period: Two (2) Option periods of three (3) years each
Present Rental: $104,307.16 per annum plus GST as at 29.10.2026
Rent Review: CPI (all groups) state capital city on each anniversary of the commencement date during the term and any option period, excluding market review dates.
Market Review: A market review at the commencement of each option period.
Outgoings: Tenant pays 100% including all costs associated with rates taxes (excluding land taxes) and charges payable to a government or other Authority; cleaning costs and materials; rubbish removal; light and power charges; air-conditioning and ventilation; fire protection and prevention; security; insurance premiums, including increases or increments; repairs and maintenance (excluding capital costs or expenses); costs for the control of pests, vermin or insects or other similar infestation; costs of maintaining gardens.
Permitted Use: Wholesale supply and distribution of automotive parts or accessories and incidental related services, including fitting of automotive spare parts, accessories, and electronic equipment.