- Overview
- Location
- Features
Overview
A rare opportunity to secure a brand-new, ultra-modern 24-hour car wash facility constructed in March 2023, offering significant depreciation benefits. Located directly off the Warrego Highway (servicing 60,000 vehicles daily), this expansive 2,000 sqm site is strategically positioned in the Walker Corporation’s 350-hectare Citiswich Business Park.
Anchored by a brand new 15-year net lease to Eco Wash Hub Pty Ltd, with the tenant paying 100% of outgoings (including land tax and management fees) and being responsible for all equipment maintenance and replacement, this is an outstanding set-and-forget investment.
Location
Bundamba, Queensland
Features
KEY INVESTMENT HIGHLIGHTS
• Brand New Lease: 15-year term to 2038 plus two (2) further five (5) year options to 2048.
• Income Growth: Annual fixed compounding 3% rent increases.
• Investor-Preferred Structure: True net lease structure with the tenant paying all outgoings including land tax and management fees.
• Zero Capital Risk: Tenant is responsible for repairs, maintenance, and replacement of car wash equipment.
• High Exposure Location: Directly opposite Costco’s 13,750 sqm warehouse and surrounded by major tenants like Caltex, KFC, and The Reject Shop Distribution Centre.
The Facility Built in March 2023, this 571 sqm ultra-modern facility sits on a 2,000 sqm site (Lot 103 SP 326967) with 56m frontage to Hawkins Crescent.
Features include:
• 2 automatic wash bays
• 4 self-service bays
• 1 manual hand wash/detailing bay
• 6 vacuum bays & 2 dog wash bays
The Tenant
Leased to Eco Wash Hub Pty Ltd. The facility is fully automated, cashless, and controlled by security cameras. The operation is owned and operated by a group with over 10+ years’ experience in 24-hour facilities.
Property Details
Zoning: Regional Business And Industry – Medium Impact
Title Reference: Lot 103 SP 326967
Site Area: 2,000sqm*
Building Area: 571sqm*
Frontages: Hawkins Crescent | 56 metres*
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