Receivers Sale | Trophy Convenience Retail Investment
Description
Burgess Rawson under instruction from KordaMentha (Receivers & Managers Appointed) is pleased to offer to the market the 7-Eleven & 2 Shops including drive thru investment located at 720 Sunbury Road, Sunbury VIC, for sale via Expressions of Interest.
The property has the following investment highlights:
+ Brand new Fifteen (15) year net lease to 2038 to 7-Eleven, plus four (4) further Five (5) year options to 2058
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC with 46,000 sites globally (1)
+ Strategic location on a prime arterial to Melbourne Airport & CBD in the heart of a thriving residential growth corridor, with over 6,000 new homes planned
within a 2km radius.
+ Premium 4,330sqm* freehold landholding with important 44 metre* frontage
+ Exposure to 154,000+ vehicles passing per week. (2)
+ Includes two retail shops plus drive thru, with 12 months rental Guarantee
+ Attractive, compounding fixed 3% annual rent reviews (7-Eleven) ensuring long term income growth
+ Landlord-favourable net lease terms, with tenant responsible for all usual outgoings excluding land tax
+ Brand new 2023 construction, offering significant depreciation benefits.
+ Sunbury’s average number of vehicles per household is 1.91, well above the national average of 1.75. (2)
+ Sunbury: booming growth location, 34km* north of Melbourne CBD with population forecast to grow 138% to 101,065 by 2041. (3)
+ Hume City Council: one of Australia’s fastest-growing communities with a GRP of $18.28 billion. (4)
+ Fully Leased Income: $480,000pa* + GST (includes rental guarantee)
For Sale by Expressions of Interest
Closing 3pm AEST Tuesday 1 October 2024
(1) 7-Eleven
(2) Gapmaps
(3) Forecast ID
(4) REMPLAN
Enquire
Contact agents
Raoul Holderhead Partner
0413 860 304Jamie Perlinger Head of Agency | Partner
0413 860 315David Napoleone Senior Sales Executive
0417 308 067Enquiry Form
Sunbury, VIC
720 Sunbury Road
For Sale by Expression of Interest
This property is part of Portfolio 171
Price: Contact Agent
Contact agents
-
Raoul Holderhead Partner
0413 860 304 -
Jamie Perlinger Head of Agency | Partner
0413 860 315 -
David Napoleone Senior Sales Executive
0417 308 067