Metro Adelaide Viva Energy Freehold Investment – 15 Year Lease to ASX-Listed Giant
Burgess Rawson and CBRE are pleased to offer to the market the Viva Energy Freehold Investment at 129-133 Main North Road, Nailsworth for sale via our Auction Investment Portfolio 158.
The property has the following investment highlights:
+ Secure 15-year net lease to 2036 plus four (4) further five (5) year options to 2056.
+ Viva Energy Australia (ASX: VEA): Blue-chip $4.26 billion ASX-listed conglomerate with 1,300 sites nationally.**
+ Landlord-favourable, net lease terms with tenant responsible for rates, building insurance, single holding land tax and management fees (capped at $5,000).
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ Significant underlying land value.
+ As new freestanding convenience retail asset offering significant depreciation benefits - $286,000 in potential year 1 tax deductions (78%).***
+ Substantial retail store built to Liberty’s impressive corporate layout and convenience retail design.
+ High profile 2,004sqm* highway site with dual frontage and exposure to Princes Highway, a major Adelaide commuter road linking the CBD with Adelaide’s northern suburbs - over 46,800 vehicles passing daily.****
+ Located 1km from the Sefton Plaza Shopping Centre, a single-supermarket and DDS sub-regional centre anchored by Target, Best and Less, Foodland and Chemist Warehouse – complemented by over 30 specialty stores and approx. 380 car park spaces.
+ Less than 1.3km from various major car dealerships and the Northpark Shopping Centre, a double-supermarket and DDS shopping centre anchored by Coles, Woolworths and The Reject Shop, supported by over 40 specialty stores and approx. 300 car park spaces.
+ Surrounded by important social infrastructure, including 24 schools within 3km servicing over 14,400 full time students.****
+ Nailsworth: City fringe metro Adelaide growth suburb, with median house prices up 38% (in the past 12 months) to $1,175,000.*****
+ Stamp duty free investment.
+ Net Income: $365,650 pa* + GST
To be sold by Investment Portfolio Auction:
10:30am AEST Tuesday 21 February 2023
Yallamundi Rooms, Sydney Opera House, Sydney
*Approximately
**Viva Energy Australia
***JMA
****GapMaps
*****Realestate.com.au
Please contact the exclusively appointed Burgess Rawson team for more information.
Remember to mention you found this property on CommercialReady
