



Ray White Retail are proud to present Mitre 10 Weipa. For sale by Auction on Friday 28th August, 9:45am (AEST) at Level 26, 111 Eagle Street, Brisbane City. |What| • 1,520sqm* large format retail investment • Whole of land leased to Sunshine Mitre 10 since 2019 (19 locations) • Leased to 2028 with a further option to 2031 • Essential service retail store, timber and building supplies • Net Income of $189,613 + GST p.a. |Where| • Well-positioned 3,272sqm* corner land parcel • Drive-up parking available for up 28 vehicles • Within Weipa's essential industrial precinct, which includes a Tyrepower, Repco and Shell in addition to a public jetty • Weipa is the largest town on the Cape York Peninsula, making it a key hub for one of Australia's most remote regions |Why| • The only hardware offering in the region, with the nearest Bunnings 800km* away in Cairns • Mitre 10 is owned 100% by the ASX-listed Metcash, who also own the IGA, Total Tools and Home Hardware brands • Below-market base rent of just $151/sqm* • CPI annual increases * approximately
Email enquiry to RWC Retail
Property ID: 505200576
Original Property ID: 505200576