As New Convenience Retail Investment with Development Upside

Description

+ Long Term 15 year lease to United Petroleum to 2034 plus options to 2049
+ Important, compounding fixed 3% annual rental increases
+ Leased to United Petroleum, one of Australia’s leading and fastest growing fuel & convenience retailer with 450 + sites across Australia
+ Substantial 3,982sqm* corner site with 82m exposure to Ranford Road, with 30,000 vehicles passing daily
+ Significant development upside with an exceptional 800sqm* of undeveloped land suitable for a number complementary uses
+ High profile location with close proximity to Bunnings, McDonalds, Coles, Livingston Marketplace and Forrestdale Industrial Business Park
+ Ranford Road: a major transport arterial connecting Southern River with the Tonkin Highway linking the Perth International Airport and CBD
+ City of Gosnells: One of Perth’s booming residential suburbs with a population set to increase 25% to 170,000+ by 2036**
+ Blue chip, essential service investment
+ Tenant pays all usual outgoings as per Lease
+ Net Income: $315,462.15 pa* + GST

To be sold by Burgess Rawson Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Forecast Id**

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Christopher Carcione Consultant – Investment, Large Format And Retail Consultant
0415 393 082
Andrew McKerracher Director, Sales & Leasing
0411 611 919
Enquiry Form

Southern River, WA

Corner Ranford Road & Terrier Place

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 145

Contact agents
  • Jamie Perlinger Head of Agency | Partner
    0413 860 315
  • Christopher Carcione Consultant – Investment, Large Format And Retail Consultant
    0415 393 082
  • Andrew McKerracher Director, Sales & Leasing
    0411 611 919
Enquire