One of Sydney’s Best Convenience Retail Investments | Landmark 3,526sqm* Inner Sydney Freehold
Burgess Rawson is pleased to offer to market the 7-Eleven located at 496 Pacific Highway, Killara NSW for sale via our Investment Auction Portfolio 158.
The property has the following investment highlights:
+ Brand new ten (10) year net lease to 7-Eleven, plus two (2) further five (5) year options to 2043
+ Annual fixed compounding 3% rent increases, ensuring income growth
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings excluding land tax
+ High profile 3,526sqm* land rich site with 60m* of frontage to the Pacific Highway, servicing 50,000* vehicles passing daily
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share
+ 7-Eleven owns, maintains, repairs, and replaces all fuel tanks, equipment and is also responsible for site remediation
+ Rare and highly sought after metropolitan Sydney convenience retail investment
+ Killara: highly sought-after affluent North Shore suburb of Sydney located 10km from the CBD, with a median house price of $4,050,000
+ Prime location within 2km of major retailers, including Bunnings, KFC, McDonald’s, Woolworths, Australia Post and Harris Farm Markets
+ Ku-ring-gai Council: prestigious municipality with population forecast to surge 20% by 2041
+ Net Income: $297,167 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Tuesday 21 February 2023
Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
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