10 year lease to 2023 plus options to 2033
Penske Power Systems is fully owned by international transportation services company Penske Automotive Group, Inc. listed on New York Stock Exchange (PAG), and capitalised at approximately $26 Billion
Tenant pays all outgoings, as per lease
Minimum 2% annual rent increases, or CPI, whichever the greater
Prime high exposure prominent main road corner position with 88m frontage
Quality 1,781 sqm building comprising 700 sqm of office space
Substantial 7,948 sqm site
Ample on-site car spaces
7 km west of the Townsville CBD
Townsville: the capital city of Far North Queensland with a growing population of 190,000+ forecast to grow to 300,000+ by 2036
Generous depreciation allowances
Net Income: $338,408 pa + GST

Auction 11am AEDT Wednesday 24 October 2018
River Room, Crown Casino, Melbourne