Trophy Northern Beaches Convenience Retail Investment
Description
Burgess Rawson is pleased to offer to the market this absolute trophy convenience retail investment located at 1412-1414 Pittwater Road, North Narrabeen NSW for sale via our Investment Portfolio Auction 175.
The opportunity has the following key investment highlights:
+ Renewed 5 year net lease to 2029 with 5 year option extending to 2034
+ EG Group: one of the world’s largest fuel and convenience retailer with $33 billion annual revenue & 6,600+ locations globally^
+ Large 1,841sqm* landholding over two lots with frontage of 37m* to Pittwater Road, providing valuable exposure to 35,561 vehicles daily^^^
+ Strategic positioning along Pittwater Road, adjacent to national tenants Supercheap Auto and Petbarn, and in close proximity to Warriewood Square, anchored by national brands Coles, Woolworths, Kmart and ALDI
+ North Narrabeen: pristine beach side suburb governed by the Northern Beaches Council, an economic powerhouse with 116,617 local jobs and a GRP of $21.1b^^
+ Attractive net lease terms with tenant responsible for 100% of all usual outgoings
+ Attractive annual reviews
+ Easily managed investment with one market leading multi-national tenant, EG Group
+ Net Income: $458,016 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
*Approx
^eg.group
^^economy.id
^^^transport.nsw.gov.au
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Contact agents
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Kieran Bourke Partner
0417 418 007
Rhys Parker Partner
0451 101 042Enquiry Form
North Narrabeen, NSW
1412-1414 Pittwater Road