New Long Term Lease to Market-Leading Essential Service Retailer
Brand new net 12 year lease to 2033 plus options to 2063.
United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 450 sites nationally.
Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
Strong and certain rental growth with annual, fixed, compounding 2.5% increases.
High-profile 3,606 sqm* retail convenience site with future development and or landbank upside.
Lower Dandenong Road is a major Melbourne arterial road servicing an average of 34,000 vehicles per day.***
Precinct set to benefit from the new $375 million Mordialloc Freeway****, with major interchange under construction just 300 metres away.
Booming logistics/industrial location in Melbourne’s south eastern suburbs with Moorabbin Airport and Goodman’s Chifley Business Park within 600 metres.
City of Kingston: By 2041, the City of Kingston’s population is forecast to grow by 18.6% to 198,340 people.****
Minimum management, essential service investment.
Net Rent: $177,025 pa
To be sold by Investment Portfolio Auction:
10:30am AEST
Tuesday 10 August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
**United Petroleum
***Gap maps
****Major Road Projects Victoria
*****Forecast.id
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
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