A premium government-leased property at 34-36 Patrick Street, Dalby has transacted for  $4.65 million. 

Burgess Rawson’s Darren Beehag and Kieran Bourke brokered the deal which highlights the growing demand for secure government-tenanted investments in regional areas. 

The purchaser, First Foundations Australia led by Kieran Johnson, said “we were attracted to  the Commonwealth Government blue chip lease covenant, combined with the strong regional  location which Dalby offers, being only 2.5 hours from Brisbane CBD.  

“The fact the property is positioned directly opposite a modern full-line Coles Supermarket is a  further attribute which anchors this investment." 

This property, tenanted by Centrelink, features a three-year lease term extending to 2026, with  an option to extend to 2029. The long-standing tenure of over 14 years with Centrelink, an  essential Federal Government service, assures a reliable income stream. The lease includes  attractive 4% annual rent increases, guaranteeing consistent income growth over time. 

Mr Bourke said this sale underscores the robust demand for government-leased properties in  regional markets.  

Mr Beehag added that the secure tenancy, attractive lease terms, and strategic location of the  property provided a premium investment with strong future growth. 

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