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Metro Perth Fuel Investment - New 15 Year Lease

1969 Albany Highway, MADDINGTON WA, 6109

Sold

Property Sold in 1969 Albany Highway, MADDINGTON WA, 6109

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11244195
Status:
Sold
Price:
Price on Request
Last Updated:
06/09/2019
Icon building

Property Type

Retail/Land/Development/Showrooms/Bulky Goods
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Land Area

1662 SQM
Icon size

Floor Area

185 SQM
Icon parking

Parking

N/A

Metro Perth Fuel Investment - New 15 Year Lease

New 15 year lease to 2032 plus 4 x 5 year options to 2052
Guaranteed growth – fixed annual 3% rental increases
7 Eleven: Major growing fuel network of 630 plus petrol stations and convenience stores across Australia with sales of $3.6 billion
Lessee pays all usual outgoings including land tax
Strategic 1,662 sqm site, with 43m frontage to Albany Highway
Prime position between Roe & Tonkin Highway’s, within automotive precinct and close to Maddington Central, anchored by Coles, Woolworths & Kmart plus 80 specialty retailers
Significant taxation depreciation benefits – built 2017
Maddington: thriving suburb 18km from Perth CBD, within City of Gosnells experiencing major population growths, forecast to reach 174,000 (35% growth) by 2036
Rent: $323,000 pa

Auction 11am AEST Wednesday 28 June 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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