Overview

This commercial property located at 37 Kent Street, Rockhampton City, presents a prime investment opportunity with a long-term tenant in place. The property features a substantial building area of 140 square meters and a generous land area of 1,171 square meters, strategically positioned along a major highway for maximum visibility.

Key features of the property include:

• Building area of 140 square meters.
• Land area of 1,171 square meters.
• Established site with a strong performance history.
• Highly visible location on the Bruce Highway.
• 46 meters of frontage to the highway.
• Located in Rockhampton City, the regional capital of Central Queensland, known for its significant population and agricultural industry.

The current tenant, Metro Petroleum, has a 10-year lease that is set to expire on October 31, 2034, with a net return of $216,300 plus GST. The lease includes options for two additional seven-year terms and annual rent increases of 3%.

This property is ideal for investors looking for a secure and profitable investment in a thriving regional area. For further information, please reach out to the listing agent.

All measurements are approximate.

Location