Eumundi Group has bought a investment property in Home Hill, North Queensland for $1.45 million.
The investment includes a standalone supermarket. The supermarket will be leased back to the current owner for an initial term of 15 years with two further options of five years.
The contract also includes the purchase of an additional 1,012 sqm of land immediately adjoining the existing site, providing opportunity for expansion of the existing supermarket as well as further retail development.
By Kathryn O’Meara
