530 Yaamba Road, Norman Gardens, QLD, 4701, AU

Rockhampton Amart

Asset description

JLL is pleased to present For Sale, Amart Rockhampton – an on-grade Large Format Retail asset offering a stable income stream from one of Australia’s leading furniture retailers.

Located in Rockhampton, the beef capital and gateway to the Capricorn Coast, the property benefits from the city's diverse economy driven by agriculture, mining, and education sectors.

We outline the key investment highlights below:

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Attributes

Occupancy

100%

Land area gross

1.16 ha

Tenants

Single tenant

Media

Investment highlights

Unrivalled Income Security
Leased to Amart Furniture on a 8 year initial lease term, currently reflecting a passing lease term certain (by income) of 4.6* years, supported by a 5 year option.
Strong Landholding
Large 1.16Ha landholding with over 50metres of frontage to Yaamba Road (Bruce Highway) – Yaamba Road stretches for 37km from the beginning of North Rockhampton through to Yaamba.
Attractive Rent Reviews
The asset provides significant capital growth potential with Amart tied to fixed annual 3.00% annual increases.
Occupancy Profile
100% leased to Amart – with 68 stores across Australia and more than 2,000 employees nationwide, Amart boasts a strong online presence, offering e-commerce capabilities alongside its physical stores.
Future Proof
Adaptable building design with ample onsite parking, supported by accessible ingress and egress points of Yaamba Road (Bruce Highway).
Tightly Held Retail Precinct
The asset is situated in the key Large Format Retail precinct in Rockhampton’s north. Surrounded by a mix of multi-national retailers, the strategic location further adds to Amart’s impressive trade.

*Approximately

AMART ROCKHAMPTON IS BEING OFFERED FOR SALE BY WAY OF AN EXPRESSIONS OF INTEREST CAMPAIGN CLOSING Thursday the 10^thof October 2024 at 4pm (AEST)

Please get into contact with the below sales agents.