first_imgBunnings has an extended 15-year lease on the site to April 2024 “plus newly negotiated options extending to 2066 (previously 2048)”. Agent Darren Beehag of Burgess Rawson said the property was getting strong enquiry levels with “only a handful” of Bunnings warehouses offered on the open market last year.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago“The significant interest in the days since launching can be attributed to the scarcity of quality grade investment stock currently on the market,” he said.His Brisbane-based colleague Pat Kelly said the site was “currently owned by an interstate investor and the new owner could be based interstate or even overseas for that matter, as there is very little hands-on day-to-day management to undertake”.“A direct debit rental payment from Bunnings will occur monthly and all outgoings, repairs and maintenance are also conducted by Bunnings except for the land tax.” 445-451 Anzac Avenue, Rothwell, is for sale via expressions of interest. 445-451 Anzac Avenue, Rothwell, north of Brisbane, is up for expressions of interest.Owning your very own Bunnings warehouse may well be the ultimate renovator dream — especially if it earns over a million dollars in annual income.This one comes close enough, with the 14,042sq m building and parking for 334 cars, rented out to Bunnings, which delivers a net income stream of $1.6775 million.The deal has rent rising by 3 per cent every year, staying ahead of inflation.The 3.09 hectare property is in one of the fastest growing regions in the country — Moreton Bay in Brisbane’s north at 445-451 Anzac Avenue in Rothwell. MORE: Costly fallout of V8 star’s split from wife It has Bunnings as a solid tenant to 2024 with options extending to 2066. Having enough space to park hundreds of cars is also a key feature of the site.So what does it take to keep a tenant like Bunnings happy?The site has four street frontages, with a wide 230m Anzac Avenue frontage — one of the main streets in Rothwell.Having large capacity for parking was key and the building must be “impeccably presented”.Recent upgrades to the site included fire services with a new water tank capacity to 409,000 litres as well as new pumps.“Further renewable energy works including solar equipment on the building have been proposed by Bunnings,” the firm said in a statement.The last time Burgess Rawson sold a Bunnings warehouse – located in Tasmania – it fetched $14.06million at auction.Expressions of interest for the Rothwell site close at 3pm on February 28. Most expensive home in US history sells for $333m An “impeccably presented” building is key to keeping such a big client happy. FOLLOW SOPHIE FOSTER ON FACEBOOK Brisbane still positive despite southern slump Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58last_img read more


first_imgPlanning applications for the main elements of the Mytholmroyd Flood Scheme have now been submitted, according to the Calderdale Council latest update.The residents can view plans of the Flood Alleviation Scheme and talk to the Environment Agency at its surgeries being held in the Community Centre from 12pm to 3pm on Tuesday and from 9am to 12pm Friday, reported the Council.According to the Council, traffic management will now be in place along Burnley Road in phases to complete the various parts of the flood defense scheme including construction of new flood walls, the relocation of Caldene Bridge, widening the river channel at key locations, and strengthening and waterproofing buildings next to the river.The £30 million flood scheme for Mytholmroyd has been developed by the Environment Agency in partnership with Calderdale Council, the local community, and partners.last_img read more