As new 7-Eleven freehold investment with unique value-add development opportunity.
Securely leased to November 2032 plus 4 x 5 year options.
7-Eleven: Blue-Chip tenant, Australia’s #1 convenience retailer.
Built in November 2017 offering outstanding depreciation benefits; the first 2 years of rent potentially 100% tax deductable for eligible purchasers**.
Significant 3,631 sqm* corner site including 814 sqm* pad site approved for drive-thru restaurant.
Attractive net lease with annual, fixed, compounding 3% rent increases.
Prime industrial gateway location 2.2 km* from West Gate Freeway with 60 major logistics facilities within 5 km*.
Evolving precinct, set to benefit significantly from the $6.7 billion West Gate Tunnel project with travel times between Altona and Melbourne Ports expected to be reduced by half***.
33,000 sqm* DHL distribution centre (now under construction) and 555,000 sqm* of land proposed for future industrial development within 500 metres.
Next door to a brand new business park of 10 office/warehouses.
Altona/Altona North: Inner city suburbs, 13 km* to the CBD, with forecast 54% population growth by 2041****.
Estimated net income: $307,038 pa* (November 2020).
Strategic essential service investment.
**Napier and Blakeley
For more details, please email agent