Colliers International, on behalf of the Black Group, is pleased to offer to the market via Expressions of Interest, an exceptional investment portfolio to be sold either in one line, grouped or on an individual basis. Located in key regional centres throughout South East Queensland and underpinned by ASX listed automotive powerhouse, AP Eagers, the Black Toyota assets offer a secure and long term investment opportunity with an average lease expiry of 7.4 years.
Emerald is considered the major service centre of Queensland’s ‘golden triangle’ of rich agricultural land, Emerald has developed rapidly to also become a regional hub for the black coal industry. The recent downturn in Central Queensland’s resource sector has resulted in a rationalisation in the area. Emerald has emerged from the economic adjustment with a wide range of sustainable commercial businesses and a significantly more stable commercial real estate market.
Tenancy A - Cnr Hospital Road & Brief Street:
Located in an excellent position within Emerald, Only 500 meters North of the CBD! This four-allotment site boasts an industrial complex comprising office/sales areas, workshops, parts storage, wash-down shed, showrooms, carport and hardstand.
• Land area of 9,122m2 zoned Town Zone
• Net lettable area 4,471m2
• Tenanted by BASW Pty Ltd, a subsidiary of AP Eagers on a 10-year lease which commenced on the 1st September 2014 with a further 2 x 5 year options
Tenancy B - 29 Hospital Road
The property presents excellent vehicle access and parking, and is divided into two tenancies with a total net lettable area 231m2, both tenancies being utilized as retail space
• Site area 1,136m2 zoned Town Zone
• Tenanted by Central Highlands Pool & Spa and Luv 2 Give on a 1 year lease with 1 x 2 year options
Tenancy C - 2 Brief Street
Located on the edge of Emerald’s busy CBD, the property is improved with an industrial complex comprising office/sales areas, amenities, hardstand and fully converted workers’ accommodation offering a net lettable area 536sqm.
• Site area 923m2 zoned Town Zone
• Ample Car Parking
• Vacant possession
In addition to this outstanding property, there is also an opportunity to acquire further dealerships located throughout the vibrant Darling Downs region such as Dalby and Oakey.
These assets incorporate locations in the major commercial hubs of the South-East Queensland Region. They provide an excellent tenant covenant through ASX listed AP Eagers (ASX: APE) with a total return $1,901,832.90 per annum net and a WALE of 7.4 years by income.
• 43-45 Drayton Street, Dalby
• Lot 11 Commodity Court, Dalby
• Lot 5 Commodity Court, Dalby
• 177 Bridge Street, Oakey
• 29 - 41 Hospital Road & 2-5 Brief Street, Emerald
Accelerating Success. For more information on the portfolio or to obtain a detailed Information memorandum, contact Dan Dwan or Simon Beirne of Colliers International.
29-41 Hospital Road (Cnr Hospital Rd & Brief St), Emerald, Queensland, 4720, Australia
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