747-755 Toorak Road, HAWTHORN EAST, VIC, 3123

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.

#Gapmaps

^REIV

> Forecast Id

Remember to mention you found this property on CommercialReady