Rare 10 Year Ground Lease to 2031 | Significant Underlying Land Value
Rare 10-year ground lease to 2031 plus options to 2046.
United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
Strong and certain rental growth with fixed annual, compounding 2% increases.
Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding Land Tax.
Recent major tenant funded upgrade and refurbishment.
Landlord friendly lease – tenant owns all infrastructure including the buildings, tanks and lines.
Favourable Industrial 1 Zoning (IN1Z) with substantial development upside (STCA).
Major 3,260 sqm* retail site with 114 metres* of frontage and exposure to McIntyre Road, a main arterial road
servicing over 27,000 vehicles daily.***
Adjacent to Pickles Auctions, Australia's leading vehicle, industrial and salvage asset remarketing company with over 23 branches nationwide and more than 150 auctions monthly.****
Bunnings, Woolworths, Coles, ALDI, Dan Murphy’s, JB Hi-Fi, McDonald’s, KFC, Hungry Jack’s, Big W and Western Ring Road connection all within 2km.*
Located 650m* from Vicinity-owned Sunshine Marketplace, a single supermarket and DDS shopping centre anchored by Woolworths and Big W, complemented by over 50 specialty stores.*****
Melbourne’s 2nd Largest LGA, the City of Brimbank generates $25.85 billion in annual economic output with an estimated 68,766 jobs in the area.******
The value of building approvals in the City of Brimbank has grown 42% to $733 million since FY2021/2022.******
Sunshine: Strategic Metro-Melbourne location just 11km west of Melbourne CBD, population forecast to grow 71.5% by 2041.*******
Minimum management, essential service investment.
Net Income: $93,445 pa + GST.*
To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 14 September 2022
Crown Casino, Melbourne
*Approximately
** United Petroleum
*** Gapmaps
**** Pickles Auctions
***** Vicinty
****** Remplan
*******Forecast.id
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