High 8%+ Yielding Freehold Investment
Description
Burgess Rawson is pleased to offer to market the BP Service Station located at 481 Urana Road, Lavington NSW for sale via our Investment Portfolio Auction 160.
The investment has the following key investment highlights:
+ Freehold investment comprising service station with convenience store and retail tenant
+ Service Station: 10 year net lease plus options to 2051
+ Landlord-favourable, net lease terms with tenants responsible for all usual outgoings including land tax (single holding basis) & property management as per leases
+ Attractive annual rent increases, ensuring income growth
+ Strategic and highly exposed 1,360sqm* site
+ Recent Upgrades include shop fit-out, fuel pumps/lines & fibreglass premium unleaded 95 tank
+ Albury Wodonga: fast growing population forecast to soar by 24% to more than 120,000 by 2036^
+ Total Net Income: $166,779 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 9 May 2023
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information
*Approx
^alburywodonga.gov.au
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Contact agents
Kieran Bourke Partner
0417 418 007Flynn McFall Sales Executive
0481 187 191Enquiry Form
Lavington, NSW
481 Urana Road
- Sold Price: Contact Agent
This property was sold as part of Portfolio 160