96 Targo StreetBundaberg South QLD 4670
Property Details for 96 Targo St, Bundaberg South
Last Listing description (March 2022)
$57,680 annual rent
New 5 + 5 + 5 year lease
3% fixed annual reviews
**This property is now under contract, pending conditions. If you would like to be kept informed if the current contract falls through, please get in touch **
Coastline Realty is proud to present 96 Targo Street, Bundaberg South to the market for sale via Expressions of Interest.
Fantastic opportunity to secure a near new 2-year-old, state-of-the-art freehold commercial building with a strong lease to a secure national tenant.
Location:
Uniquely positioned approx. 360km North of Brisbane in Queensland, the Bundaberg region is one of Australia's fastest growing regional cities. Rapid jobs growth and huge infrastructure investment over the next five years will see the region's already booming economy surge into national significance. Over this period, the region's agricultural, health, education and tourism industries will see unprecedented investment.
Bundaberg's diverse economy is also positioning for growth in its next wave of successful industries including ag-tech, bioproducts, advanced food & beverage manufacturing and defence supply. It really is Australia's regional city of the future.
Key details:
New 5 + 5 + 5-year lease occupied by national ASX listed tenant 1300 Smiles Limited
Current Net Income of $57,680 pa + GST
3% fixed annual reviews
Lessee pays all out goings
Lease commencement date - 27 August 2021
615sqm of land with 7 onsite car parks
181sqm state of the art building with ducted air conditioning, back to base security with 360 degree CCTV
Building constructed in 2019
Note: All dental equipment, furniture and fit-out is owned by lessee
About Lessee:
1300SMILES with 33 full-service dental facilities, in ten major population centres in Queensland, Sydney and Adelaide has recently been acquired by the Abano Healthcare group now providing with a strong Australian footprint of 139 practices under their banner largely via the Maven brand.
Abano Healthcare is the operator of one of the largest trans-Tasman dental groups, comprising Lumino The Dentists in New Zealand and Maven Dental Group in Australia.
The future for 1300 Smiles is bright and as part of the Abano Healthcare group is well-positioned to continue the proud legacy of high-quality dental care provided to Australian communities for over 30 years.
Contact Details:
Aaron Thompson
PH: 0409051929
Email: aaron@coastlinerealty.com.au
The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.
Property History for 96 Targo St, Bundaberg South, QLD 4670
- 02 Feb 2022Sold for $1,060,000
- 21 Dec 2021Listed for Sale Expressions of Interest
- 07 Oct 2020Transferred for $800,000
Recent sales nearby
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About Bundaberg South 4670
The size of Bundaberg South is approximately 2.2 square kilometres. There are 10 parks, covering nearly 17.9% of the total area. The population of Bundaberg South in 2016 was 3307 people. By 2021 the population was 3494 showing a population growth of 5.6% in the area during that time. The predominant age group in Bundaberg South is 20-29 years. Households in Bundaberg South are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bundaberg South work in a labourer occupation.In 2021, 37.80% of the homes in Bundaberg South were owner-occupied compared with 38.40% in 2016.
Bundaberg South has 1,973 properties. Over the last 5 years, Houses in Bundaberg South have seen a 133.23% increase in median value, while Units have seen a 114.78% increase. As at 30 April 2026:
- The median value for Houses in Bundaberg South is $591,864 while the median value for Units is $464,179.
- Houses have a median rent of $580 while Units have a median rent of $425.
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