Stonebridge has launched their highly anticipated October Portfolio, catering to a wide range of investment mandates with assets priced from $2 million to $30 million. Comprising 15 quality investments across popular segments including childcare, tyre & auto, supermarkets, large format retail and fast food, the offerings are underpinned by long term leases to sought after ASX listed and national tenant groups such as Coles, Bridgestone, KFC and JB Hi-Fi, plus leading national childcare operators including G8 Education and Imagine.
Headlining the portfolio is a rarely offered large format retail centre, available well below replacement cost and positioned in a high profile Brisbane retail precinct, surrounded by Bunnings, Spotlight, IGA and McDonald’s. The property, leased to Anaconda, Tomra and Wattyl Paints, occupies a substantial 6,081 sqm site at 355 Brisbane Street, with as-new improvements constructed in 2018 offering huge depreciation benefits, plus income security via 10 year lease terms through to 2028.
Directly adjacent and seamlessly integrated into the centre, a freestanding Bridgestone tyre & auto investment is being offered for sale via National Portfolio Auction, underpinned by a 10 year net lease to 2028 to the Tokyo-listed automotive giant.
Stonebridge’s October Portfolio also provides five premium childcare opportunities, all up for sale via National Portfolio Auction. Spread across the Eastern Seaboard, the investments offer long term net leases of up to 22 years, with brand new improvements delivering outstanding depreciation benefits. Each of the assets occupy a strategic position nearby schools, shopping centres and retail amenity, key arterials and employment nodes, underpinned by national operators including G8 Education, Imagine Childcare, Eden Academy and Grow Early Education.
Tom Moreland, Stonebridge Partner, noted “Childcare freeholds remain a favourite amongst the private investment community, particularly well located, modern centres with strong trading performance such as those within our Portfolio. Childcare landlords continue to benefit from soaring income growth due to the nature of ‘industry standard’ favourable lease structures and the Federal Government’s unwavering support for the sector, with subsidies now totalling over $53 Billion across the next four years.”
In Victoria, a strong trading JB Hi-Fi in Ballarat is set to draw national attention across the private investor market. The property is underpinned by a renewed 6 year lease through to 2028 with further options, having recently received a $3 million, tenant-led capital injection across the improvements. Boasting 210 metres of triple street frontage, the property occupies a 2,744 sqm commercial 1 Zoned ‘CBD’ site adjoining Big W, Dan Murphys’s, Kathmandu and The Good Guys.
Another trophy asset up for grabs is a rare freestanding Coles supermarket in Launceston, Tasmania. The investment will appeal to investors and developers alike; located 1km from the CBD and exposed to 23,000+ vehicles daily. Development plans are in place for a full-line supermarket to maximise utility on the valuable 5,590 sqm, triple fronted landholding. The asset delivers a net operating income of $726,458 per annum.
Set to garner attention from a raft of private investors and syndicators, a convenience centre on NSW’s Central Coast at North Wyong has been listed. The defensive retail asset is dual anchored by IGA and childcare operator Oz Education, with 67% of the income secured by national retailers across a long 7.7 year WALE.
Rounding out the portfolio is a number of convenience retail and fast food aligned assets, including a 7-Eleven and Carls Jnr at West Ipswich in Brisbane, a KFC and Metro Petroleum investment at Bowen in the Whitsundays and a freestanding Metro service station at Caboolture South in Brisbane on the bustling Morayfield Road ‘magic mile’. All assets are secured by long term leases of up to 15 years.
Stonebridge Partner, Rorey James, commented “Each of our offerings is perfectly tailored for investors to hedge against challenging macro-economic conditions; the investments deliver long term income streams secured by proven tenant covenants with annual compounding income growth, operating within essential and resilient sectors. As such, we expect strong interest nationally and internationally via our Asia Practice network”.
Stonebridge’s October National Portfolio Auction is on Tuesday 31st October at 11am (AEDT) with the respective Expressions of Interest campaigns closing on Thursday 1st November at 3pm AEDT.