Colliers are delighted to offer for sale, by Expressions of Interest, 275 Maribyrnong Avenue, Kaleen - a highly prominent and modern investment, underpinned by a top-tier tenant covenant.
Developed in 2018 to the tenants' specifications, 275 Maribyrnong Avenue provides a modern petrol station asset, above a land-rich site of 2,160m²* with over 40m of north facing frontage. Adjacent to the Kaleen neighbourhood shops, the location experiences significant volumes of daily passing traffic and is closely positioned to major transport corridors and the surrounding amenities of the Belconnen Town Centre.
The property is 100% leased to ASX listed organisation, Ampol (who are Australia's leading fuel organisation with over 1,900+ locations and a current market cap of $7.9b), via a 15-year lease term expiring 2033. The lease features a further tenant option to 2043 providing potential for enduring occupancy.
Estimated Net passing rent reflects $488,199 ex. GST as at July 2023, with the tenant responsible for all property outgoings (net lease arrangement). Consistent income growth is provided via fixed annual rent reviews of the greater of 3% p.a. or CPI^.
275 Maribyrnong Avenue, Kaleen reflects a highly passive and modern investment opportunity that will appeal to investors seeking dependable, long-term income.
For further information contact the exclusive agents, Colliers.
^Subject to ratchet provisions.
*Approx.
