Burgess Rawson list Burnie Woolworths and SPAR Burpengary

Burgess Rawson list Burnie Woolworths and SPAR Burpengary
Burgess Rawson list Burnie Woolworths and SPAR Burpengary

The SPAR supermarket at Burpengary - the midway point 35 km between Brisbane and the Sunshine Coast - has been listed for April 6 Burgess Rawson auction.

Its net rent is $178,015 pa + GST (allowing 2% CPI June 2016) in Brisbane's northern growth corridor, agent Glenn Conridge said.

It comes with 15 year lease plus options through to 2039 to SPAR, the global retailer with 12,000 stores in 40 countries.

It is a modern 867sqm store with corner retail exposure amid Liquorland, pharmacy, medical Centre, childcare, dentist, newsagent, bakery plus many eateries.

The 2.04 ha site comes with 260 on site car spaces.

A Tasmanian supermarket at 212-230 Mount Street, Burnie, is currently being marketed by Burgess Rawson via an Eexpressions of interest campaign closing on Thursday 3 March.

The agents expect a sale price in excess of $17.5 million, with a new 20-year lease plus options through to 2051.

The net income is currently at $1,236,483, boosted by depreciation benefits.

Woolworths is responsible for the usual outgoings, except for building insurance.

While the retail development goes back some 50 years, it has recently been extended and refurbished, Graeme Watson, Burgess Rawson director, said.

“Not only is the supermarket said to be the highest performing in the state, it is well up there on a national level in terms of performance also."

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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