Burgess Rawson is pleased to offer to the market Bunnings, Young NSW for sale via Expressions of Interest.

The property has the following features:

+ 10-year net lease to 2030 and options through to 2078.
+ Secured by Bunnings Group Limited, one of Australia’s most sought after tenant covenants wholly owned by Wesfarmers Ltd (ASX: WES) with a market cap of $56 Billion and recorded $17.8b in revenue for FY22.***
+ Recently constructed in 2020, the only Bunnings located within 70kms
+ Strategically positioned on an 11,530sqm freehold site, with 88 at-grade car spaces
+ The property benefits from 211 metres of frontage to Boorowa Street, the main arterial road for Young’s core retail and commercial precinct
+ Situated neighbouring a brand-new large format retail centre, occupied by national tenants Forty Winks and Pets Domain as well as being in close proximity to Woolworths, Big W and Harvey Norman amongst others.
+ Attractive depreciation benefits with 82% of the year 1 rent potentially tax deductible****
+ Set-and-forget net lease terms with tenant responsible for rates, insurances and land tax.
+ Favourable annual rent reviews.
+ Net Income: $577,691 pa* + GST

Bunnings, Young NSW is for sale by Expression of Interest closing 4:00pm (AEST) 27 June 2023.

Please contact the exclusively appointed Burgess Rawson team for more information.

Burgess Rawson Agents:
Yosh Mendis - 0434 413 188
Beau Coulter - 0413 839 898
Zomart He - 0488 220 830
Darren Beehag - 0411 226 223

*Approx
*** Wesfarmers Annual Report FY22
****JM Advisory Depreciation Estimate

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