+ Secure 12 year triple net lease to 2028 plus seven further 10 year options to 2098.
+ 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.
+ Impressive 2,951sqm corner site with a combined 101m of frontage and exposure.
+ Strategically positioned on the corner of Port Road and Tapleys Hill Road – two major commuter roads servicing an average of 45,500+ vehicles per day.***
+ Prime position, 1.5km from high-profile tenants including Bunnings, Harvey Norman, Coles, IGA, and BWS plus the famous Alberton Oval.
+ Westfield West Lakes, a double supermarket and DDS shopping centre anchored by Coles, Woolworths, Target, Kmart, David Jones and JB Hi-Fi – 190+ specialty stores and over 4000 car spaces all within 2.5kms.
+ City of Port Adelaide Enfield: Located only 8kms from the Adelaide CBD, many of the more than 8,100 businesses based in the City of Port Adelaide Enfield operate on a national or global level. ****
+ Strategic essential service investment.
+ Net Rent: $139,112 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.
RLA 293472 & RLA 312692
2 other Viva Energy freehold investments also available.
Contact sales team for more details.
**Viva Energy
***Gap maps
**** www.cityofpae.sa.gov.au
Remember to mention you found this property on CommercialReady.com.au
