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Blue Chip Investment Underwritten by International Tenant
Investment Description
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This quality single-tenant investment is leased to Freedom Fuels, acquired 100% in December 2012 by Idemitsu Kosan Co-a publicly listed company on the Japanese stock exchange.
Idemitsu has an issued capital of $178 billion. As a very Substantial Listed Company, Idemitsu Kosan Co provides a very strong lease covenant and a very reliable rental income.
Key Demographic Features:
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• Massive 29,800 vehicles per day; or 10.87 million vehicles per annum
• Median Property Price Indooroopilly: Houses: $1,650,000 - Apartments: $780,000
• Population within 10 minute drive: 171,773 residents
• Median Household Income: $128,615 (v $102,179 QLD).
Key Investment Features:
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• Annual Rental Increases: Lesser of CPI or 4%
• Lease Details: 10 year initial term + 5 year option
• Current Lease expiry: June 2032 (inc options)
• Lease Type: Head office Lease to Listed Company
• Current Net Rent: $339,000 approx
For further information, please contact Stephen Kidd today on 0413 550 474
_____________________________
This quality single-tenant investment is leased to Freedom Fuels, acquired 100% in December 2012 by Idemitsu Kosan Co-a publicly listed company on the Japanese stock exchange.
Idemitsu has an issued capital of $178 billion. As a very Substantial Listed Company, Idemitsu Kosan Co provides a very strong lease covenant and a very reliable rental income.
Key Demographic Features:
_____________________________
• Massive 29,800 vehicles per day; or 10.87 million vehicles per annum
• Median Property Price Indooroopilly: Houses: $1,650,000 - Apartments: $780,000
• Population within 10 minute drive: 171,773 residents
• Median Household Income: $128,615 (v $102,179 QLD).
Key Investment Features:
_____________________________
• Annual Rental Increases: Lesser of CPI or 4%
• Lease Details: 10 year initial term + 5 year option
• Current Lease expiry: June 2032 (inc options)
• Lease Type: Head office Lease to Listed Company
• Current Net Rent: $339,000 approx
For further information, please contact Stephen Kidd today on 0413 550 474