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Industrial
For Sale
Private Treaty
World-Leading Tenant - Essential Agricultural Supplier
187 Grey Street, St George
Price
8% Yield
Income
$120,000 p.a.
Lease Term
3-year lease to April 2027 + 1 x 3-year option
Occupancy
Fully Leased
Tenants / Type
Nutrien AG
Tenants
1 Tenant
Type
Industrial
Land Size
9,442 sqm
Description
An outstanding high-yielding investment opportunity with a longstanding global tenant.
Investment Highlights
- Head lease to Nutrien Ag Solutions, part of Nutrien Ltd – global fertilizer and agricultural company headquartered in Canada
- Net Income approx. $120,000 pa + GST
- Large 9,442sqm high profile corner site opposite the St George airport, room to expand and value-add
- Leased through to April 2027 + 3-year option
- Tenant in occupation 10+ years
- CPI annual rental reviews with ratchet clause.
- Nutrien Ag Solutions is the largest distributor of both farming supplies and fertiliser in Australia with over 400 branches in regional and rural areas
- St George is an important regional branch servicing large area, with the nearest Nutrien Ag Solutions supplier over 111km away.
- Nutrien Ag Solution’s parent company, Nutrien, is the world’s largest provider of crop nutrients, feed, crop protection and services with a market cap of $45B+.
- A substantial 9,442 sqm corner allotment on the Carnarvon Highway, St George QLD.
- St George: Established business and service centre for the Balonne Shire, 4 hours west of Toowoomba
- The agricultural industry in the Balonne Shire generates over $600 million in gross value product (GVP) annually and accounts for more than 60% of the region's total economic output.