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322 Main Street, BAIRNSDALE, VIC, 3875

2. Property Highlights

New 6 Year Lease to EG Group – High Profile CBD Location
  • New 6-year net lease to 2028
  • Annual CPI reviews
  • Potential 50% stamp duty savings

Burgess Rawson and King & Heath are pleased to offer to the market, EG Fuel at 322 Main Street, Bairnsdale for sale via our Auction Investment Portfolio 158.

The property has the following investment highlights:

+ Secure 6-year net lease to November 2028 plus options to 2040.

+ EG Group: Multinational fuel and convenience retailer with $32.4 billion annual revenue & 6,000+ locations globally. **

+ Annual CPI reviews (capped at 4%).

+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings.

+ Freestanding convenience retail asset offering significant depreciation benefits - $126,000 in potential year 1 tax deductions (85%).***

+ Prominent corner site with a combined 71 metres* of street frontage and exposure to Main Street, a major arterial road with 22,000+ vehicles passing daily.***

+ Strategically positioned less than 800 metres from Coles, Woolworths, ALDI, Kmart, McDonald’s, Spotlight, Hungry Jacks, KFC, BCF and a soon to be completed Dan Murphy’s.

+ Surrounded by important social infrastructure, including Bairnsdale Regional Health Services, Bairnsdale Station and 8 schools within 3km servicing over 3,500 full time students. ***

+ Bairnsdale: the commercial centre for the East Gippsland region and gateway to the Gippsland Lakes, Snowy River National Park, and Mount Hotham Snow Fields.

+ Bairnsdale: median house price growth of 25% in the last 12 months with the population forecast to grow 22.5% by 2041. ****

+ Minimum management, essential service investment.

+ Potential 50% stamp duty savings.

+ Net Income: $147,820 pa* + GST

To be sold by Investment Portfolio Auction:

10:30am AEDT Wednesday 22 February 2023

Crown Casino, Melbourne

*Approximately

** EG Group

*** Gap Maps

**** Realestate.com

Please contact the exclusively appointed Burgess Rawson team for more information.

Remember to mention you found this property on CommercialReady

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3. Property Location

322 Main Street, BAIRNSDALE, VIC, 3875

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4. Due Diligence

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322 Main Street, BAIRNSDALE, VIC, 3875 Bairnsdale
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