Iconic Melbourne Convenience Retail Freehold Investment | Major Toorak Road Landbank Opportunity
Burgess Rawson is pleased to offer to market the 7-Eleven located at 747-755 Toorak Road, Hawthorn East VIC for sale via our Investment Auction Portfolio 159.
The property has the following investment highlights:
+ Brand new ten (10) year net lease to 2033 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
+ 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
+ Generational 2,697sqm* corner site with 106m* of frontage to the Toorak Road, servicing 40,000*+ vehicles passing daily#
+ Mixed Use Zoning offering significant commercial/residential development possibility and minimum 6 level height limit (STCA)
+ Gateway site, the first service station off Monash Freeway (M1) carrying a further 148,920* vehicles daily
+ Prime location directly opposite HomeCo Shopping Centre anchored by Woolworths & Dan Murphy’s plus Tooronga Village (Coles Supermarket and 23 specialities) and Coles Head Office all within 450m*
+ 43,735 vehicles and total $60.3 million spending on fuel per annum within 7 minutes driving radius#
+ Premier education precinct with access to 31 top schools including 2 university campus and 17,713 total primary and secondary school enrolments within 3km#
+ Hawthorn East: affluent south-eastern suburb of Melbourne located 7km* from the CBD, with a median house price of $2,650,000^
+ City of Boroondara: prestigious inner-eastern municipality with population forecast to increase by 16% to over 205,000 by 2041>
+ Net Income: $264,128 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 29 March 2023
Crown Casino, Melbourne
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
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