- Overview
- Location
- Features
Overview
Secure a premium, set-and-forget commercial freehold in Bundaberg with a yield increasing to a solid 6% on May 2nd. This property features a 13-year triple net lease anchored by “Puddles,” a highly successful car and dog wash established for over 16 years. With the tenant paying 100% of outgoings and an immediate rent increase locked in, this is a true zero-hassle investment.
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.
Key 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 Profile:
- 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: $3,100,000
For a comprehensive Information Memorandum, contact Krystal at krystal@australiancarwashsales.com.au. Or, to discuss this opportunity further, please contact Phillip Knaggs on 0432 631 031.
Location
Strategic, High-Exposure Bundaberg Hub
This premium 3,075 sqm freehold site is strategically positioned on one of Bundaberg’s busiest arterial routes, offering the high visibility and consistent traffic flow essential for a thriving automotive service business.
The site’s proven 16-year history of success is a direct result of its unbeatable location, capturing both daily local commuters and regional traffic.
Location Snapshot
| Feature | Details |
| Address | 57 Princess Street, Bundaberg QLD (Lot 2 SP117732) |
| Site Area | 3,075 sqm of prime commercial land |
| Proximity | Just 3km from the Bundaberg CBD |
| Visibility | Exceptional arterial road frontage and signage exposure |
| Accessibility | Easy ingress and egress for all vehicle types, including cars towing boats or caravans |
Why Invest in Bundaberg?
Bundaberg is a thriving, resilient regional powerhouse in Queensland, making it a highly sought-after destination for commercial investors seeking stability and growth outside the capital cities.
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Economic Stability: Supported by a highly diverse local economy rooted in agriculture, manufacturing, healthcare, and a rapidly expanding tourism sector (as the gateway to the Southern Great Barrier Reef).
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Captive Audience: As a major regional center, Bundaberg services a wide catchment area. A 24/7 essential service business like a car and dog wash benefits directly from this steady, growing local population.
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Strategic Arterial Positioning: Princess Street connects the bustling Bundaberg CBD to the affluent coastal suburbs (such as Bargara). This positions the property perfectly to capture high volumes of daily commuter traffic, weekend beachgoers, and local residents.
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Future-Proof Footprint: At over 3,000 sqm in a high-growth regional corridor, the underlying land value provides exceptional long-term security for your investment portfolio.
Features
💰 Financial & Investment Highlights
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Guaranteed 6% Net Yield: Income officially jumps to a solid 6% return on May 2nd (currently returning $179,724 p.a. + GST).
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True Triple Net Lease: The tenant pays 100% of outgoings, including council rates, insurance, utilities, and land tax. Your gross rent is your net rent.
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Built-in Growth: Revenue is safeguarded against inflation with locked-in annual CPI rent increases.
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Zero GST on Sale: Sold as a Going Concern (Freehold investment only), making the transaction straightforward and cost-effective.
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SMSF Ready: The ultimate “set-and-forget” passive income generator, perfect for Self-Managed Super Funds or interstate portfolios.
🤝 Lease Security & Tenant Profile
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Long-Term Tenure: Secured by a long 13-year lease, backed by 2 x 5-year options for decades of guaranteed occupation.
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Blue-Chip Tenant: Anchored by “Puddles” Car & Dog Wash, a highly successful $1M+ turnover business.
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Proven Track Record: The occupying business has been a staple of the local community for over 16 years.
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Recession-Proof Model: The tenant operates a 24/7 fully managed essential service, ensuring robust financial stability regardless of economic conditions.
🏢 Property & Infrastructure
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Massive Footprint: 3,075 sqm of prime, high-exposure commercial land located just 3km from the Bundaberg CBD.
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Zero Maintenance Liability: The landlord holds absolutely zero responsibility for the business’s plant and equipment.
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Tenant-Owned Upgrades: All operational equipment, a 16-panel solar system, and recently installed aesthetic wall panels are 100% owned, operated, and maintained by the tenant.
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Significant Tenant Investment: The tenant has invested heavily in the site’s infrastructure, heavily incentivizing their long-term commitment to the location.
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