Ultra Rare Ground Lease to Convenience Retail Giant

Description

Burgess Rawson is pleased to present this rare ground lease convenience retail investment opportunity leased to EG Group to the market via Auction.

The property has the following features:

+ 10 year ground lease to 2030 plus options to 2050
+ EG Group: Multinational fuel and convenience retailer with $32.4B annual revenue & 6,000+ locations globally
+ Newly built in 2020 including landlord works, offering rare depreciation benefits
+ High profile 2,770sqm* Pacific Highway landholding
+ Landlord friendly lease – ownership of the tanks & remediation the responsibility of EG Group
+ Easily managed, zero landlord repair & maintenance obligations
+ Net Income $84,942 pa* + GST

For Sale by Auction
10.30am (AEST) Tuesday 21 June 2022
Yallamundi Rooms, Sydney Opera House

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Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Darren Beehag Partner
0411 226 223
Geoff Sinclair Director
0451 462 759
Enquiry Form

Lisarow, NSW

884 Pacific Highway

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 153

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