Burgess Rawson is pleased to offer to market the BP Australia located at 380 Pacific Highway, (North Boambee Valley) Coffs Harbour NSW for sale via our Investment Auction Portfolio 168.
The property has the following investment highlights:
- Recently renewed Ten (10) year lease to 2032 to BP Australia plus options to 2042
- BP Australia: a subsidiary of BP p.l.c, a British gas and oil company, who are the 8th largest oil company in the world, operating in 70 countries^
- BP p.l.c: listed on the NYSE with a market cap of $111.4* billion USD^^
- Landlord friendly lease terms, with tenant responsible for all usual outgoings including rates, insurances, land tax, levies and property management
- Purpose built Highway facility with essential dual truck canopy
- Rarely available convenience retail offering within thriving service centre surrounded by major national tenants including McDonald's, Subway, Gloria Jeans and Red Rooster
- Attractive annual CPI rent reviews (Min 3%, Max 4%), ensuring rental growth
- Significant 2,882sqm* Pacific Highway site with high accessibility and large volumes of vehicle traffic passing daily
- Coffs Harbour: a significant growth region with population forecast to grow by 28.98% by 2041^^^
- Net Income: $707,200 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx
^bp.com
^^au.finance.yahoo.com
^^^forecast.id.com.au
