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Launch of national investment sales portfolio campaign comprising ASX listed and blue chip tenants

San Remo Caltex
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Cushman & Wakefield’s national investment sales team are bringing to market 10 premium properties from Queensland, New South Wales and Victoria, some of which will be auctioned in an inaugural portfolio auction facilitated by renowned auctioneer Damian Cooley, of Cooley Auctions at Cushman & Wakefield’s Sydney and Melbourne offices.

The portfolio encompasses a range of ASX listed and blue chip tenanted investments on long term leases, situated in prime locations.

Included in the campaign are 3 Caltex leased service stations. One located in San Remo on the Central Coast of New South Wales, plus two metropolitan Melbourne properties situated at Mount Waverley and Cheltenham North. These properties are being sold with highly sought-after 15 year lease terms secured by Caltex Australia Ltd offering significant lease security derived from the strength of an ASX Listed Top 50 company. Also on offer is locked in 3% pa annual income growth coupled with landlord friendly environmental and remediation lease covenants, plus Caltex will maintain ownership of the fuel tanks and dispensing equipment.

The campaign also features two premium brand new child care centres located in metropolitan Brisbane and the Gold Coast. Both centres (28A Dickson Drive, Pimpama and 38 Wellington Street, Wooloowin) are on 15 year leases with quality tenants, Petit Early Learning Journey. 

Other assets in the campaign include:

A highly sought fast food outlet situated at 196A Woolcock Street, Townsville  occupied by Pizza Hut, Red Rooster and Troy Kebabs on secure and renewed long term leases with fixed 3% and CPI annual increases.

A Cash Converters leased property situated 2-4 Dickson Road, Morayfield  secured by a 10 year triple net lease guaranteed by the ASX listed entity through to 2024 plus options to 2034 and incremented 4% annual increases.

In Baylis Street, Wagga Wagga the fourth largest NAB rural branch holds a current lease until 2022, with options to 2031, generating $155,620pa + GST net income annually.

26 Hope Street, Kilcoy QLD is home to a fully refurbished BP service station with café and convenience store, which provides a brand new 7 year lease to 2024 plus options to 2039 and net annual income of $431,650 + GST.

In Yeppoon QLD nestled on nearly 9,000 sqm of prime corner land sits 1,899 gross lettable area currently occupied by medical, food and convenience retail tenants with net rental income of $703,385 annually.

Head of National Investment Sales, Michael Collins said “This portfolio of top quality ASX listed and blue chip tenanted fully leased commercial investment properties offers savvy investors the opportunity to capitalise on long term leased property situated in desirable locations. Given the significant high levels of buyer interest already expressed coupled with the quality of the properties on offer we expect these will be hotly contested and keenly sought after”.   Michael went on to say “we are delighted to be working with Damien Cooley of Cooley Auctions, Australia’s leading auctioneer. We are extremely confident Damien will assist us in delivering strong, superior outcomes for our owners”.

To view the full portfolio of properties, click here.

Auction details

Sydney - Tuesday 17 October 2017 11:00am AEDT
Cushman & Wakefield Level 22, 1 O’Connell Street, Sydney

Melbourne - Wednesday 18 October 2017 10:30am AEDT
Cushman & Wakefield Level 9, 385 Bourke Street, Melbourne