Prime CBD Freehold Investment – New 12 Year Lease to National Convenience Retail Operator

Description

Burgess Rawson is pleased to offer to the market Pearl Energy Wagga Wagga located at 17-19 Forsyth Street, Wagga Wagga NSW for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ New 12 year net lease to 2035 plus options extending to 2060
+ Pearl Energy: rapidly expanding national convenience retailer with 124+ sites and growing
+ Fixed 3% annual rental increases guaranteeing long term compounding income growth
+ Landlord friendly net lease structure with tenant paying all outgoings including rates, land tax and insurances
+ Highly versatile freehold site positioned on an exposed 2,641 sqm* CBD landholding, with 41 metres* of frontage to Forsyth Street and additional rear laneway access from Eurdein Lane
+ Strategic CBD retail precinct within close proximity to Wagga Wagga Marketplace SC, Sturt Mall SC, Woolworths, ALDI, Coles, Big W amongst others
+ Wagga Wagga: NSW’s largest inland city with a population of 69,000* people set to grow 18.5% by 2046 and part of the Riverina Region
+ Riverina Region: home to 174,490 people with an economic output of $34.4 billion
+ Net Income: $259,560 pa* + GST

To be sold via Private Treaty.

Please contact the exclusively appointed sales team for more information.

*Approx

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Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Geoff Sinclair Director
0451 462 759
Kieran Bourke Partner
0417 418 007
Enquiry Form

Wagga Wagga, NSW

17 Forsyth Street

For Sale

This property is part of Portfolio 172

For Sale via Contact Agent

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