Summary
Premium Bundaberg freehold: 13-yr triple net lease to established car wash. Tenant pays 100% of outgoings. A true zero-hassle investment with 6% yield locked in from May 2.
Location Details
57 Princess Street, Bundaberg QLD
Lot 2 SP117732
About the Business
Premium Commercial Freehold | 6% Net Yield (From May 2) | Long-Term Triple Net Lease
57 Princess Street, Bundaberg QLD (Lot 2 SP117732)
Strategically positioned just 3km from the Bundaberg CBD, this prime 3,075 sqm commercial site offers a rare, high-yielding investment opportunity.
The property is anchored by a long-standing, highly successful tenant operating as Puddles Car & Dog Wash, a business that has been a staple of the local community for over 16 years. With massive annual turnover and significant capital invested into the site by the tenant, this freehold asset offers investors absolute security, guaranteed future occupation, and an attractive passive income.
Financial Snapshot: At the asking price of $3.1M, this property delivers a rock-solid net yield that will officially jump to 6% on May 2nd due to a scheduled rent increase. Your return is fully insulated from standard property holding costs thanks to a true triple net lease structure.
Investment Highlights:
Yield Increasing to 6%: Currently returning $179,724 p.a. + GST (5.8%), the yield will increase to a guaranteed 6% on May 2nd, further supported by locked-in annual CPI increases.
True Triple Net Lease: The tenant pays 100% of outgoings, including council rates, insurance, utilities, and land tax, ensuring your gross rent is your net rent.
Secure Tenure: Currently operating on a long 13-year lease, supported by 2 x 5-year options.
Zero GST on Sale: Sold as a Going Concern (Freehold investment).
Property & Tenant:
Massive Footprint: 3,075 sqm high-exposure site in a prime Bundaberg location.
Blue-Chip Tenant: Puddles Car & Dog Wash is a $1M+ turnover business, fully managed 24/7, providing ultimate peace of mind regarding tenant financial stability.
Tenant-Owned Infrastructure: All operational equipment, including the 16-panel solar system and recently installed aesthetic wall panels, are entirely owned, operated, and maintained by the tenant. The landlord holds zero maintenance liability for the business plant & equipment.
This is the ultimate passive income generator, ideal for local or interstate investors, or SMSF portfolios seeking a robust commercial asset with a proven, recession-proof tenant.
(Please note: This sale is for the freehold land/property investment only. The occupying business is not included in this transaction).
Your Investment: $3.1M
For a comprehensive IM, contact Krystal at [email protected].
Or, to discuss this opportunity further, please contact Phillip Knaggs on 0432 631 031.
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