Major 5,355sqm Freestanding Highway Site – Secure 15 Year Lease

Description

+Secure 15-year lease to 2031 plus one further 15 year option to 2046.
+Viva Energy Group Limited (ASX: VEA), a blue-chip $3.5 billion ASX-listed company and Shell’s Australian licensee with over 1,300 retail fuel sites across Australia**.
+Viva Energy controls 24% of Australia’s retail fuel market, with retail fuel volume up 23% in the first half of 2021**.
+Strong and certain rental growth with annual fixed, compounding 3% increases.
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, single holding Land Tax and repairs and maintenance.
+Major 5,355 sqm* gateway site with 133 metres* of frontage to Mitchell Highway, an important road link for the transport of passengers and freight, providing commuters with the shortest route between Sydney and Darwin.
+Strategic site, the first service station reached if arriving from the south east.
+IGA, Mitre 10, Home Hardware, Dunlop Super Dealer, Vinnies, Toyworld, Furniture One, Kamilaroi Highway connections all within 1km*.
+Surrounded by important social infrastructure, including the Bourke.
+District Hospital and 3 schools within 1.5km servicing 285 full time students.***
+Bourke: Major agricultural hub, generating an annual economic output of $293 million.**** Minimum management, essential service investment.
+Net Income: $20,597pa + GST (Aug 2022)

To be sold by Private Treaty

*Approximately
** Viva Energy Australia
*** Gapmaps
**** Remplan

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Contact agents
Zomart He Partner
0488 220 830
Rick Jacobson
0413 830 083
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Bourke, NSW

96-106 Anson Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 153

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