+ Secure 11 year triple net lease to 2027 plus seven further 10 year options to 2097.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $3.4 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 sales volume up 28% since June 2020**.
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Outstanding 2,401sqm corner land holding with a massive 98metres combined frontage and exposure
+ Salisbury Highway – a major Adelaide commuter road servicing 39,000+ vehicles daily.***
+ Located 2km from the Hollywood Plaza, a double-supermarket and DDS shopping centre anchored by Coles, Woolworths and Target – 65+ specialty & service stores.
+ Surrounded by important social infrastructure, including 8 schools within 3km accommodating over 2,700 students.***
+ City of Salisbury: By 2036, the City of Salisbury’s population is forecast to grow to over 153,000 people.****
+ Strategic essential service investment.
+ Net Rent: $121,723 pa (as at August 2021)
To be sold by Investment Portfolio Auction:
10:30am AEST
Tuesday 10th 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.
2 other Viva Energy freehold investments also available.
Contact sales team for more details.
RLA 293472 & RLA 312692
**Viva Energy
***Gap maps
****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.
Remember to mention you found this property on CommercialReady.com.au
