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1109a Argyle Street
Wilton NSW 2571
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Sold on 21 Jun 2022

1109a Argyle Street Wilton NSW 2571

  • Shop & Retail
  • 201 m²
  • Sold

8% Net Return Anticipated / Long 15 Year lease to 2032 + Options

    Long 15 year lease to 2032 plus options until 2052
    Established National operator with 40 plus sites across 4 states
    Important modern fuel infrastructure including fibreglass fuel tanks
    All environmental reports avalailabe upon request
    Long established, thriving and profitable service station, Australia Post outlet and mechanic workshop
    Substantial goodwill paid by existing tenant in November 2017 to secure this specific site
    Strategic position on or minutes away from major crossroads thoroughfare heading SE to Wollongong and South Coast and SW to Bowral,
    commuters and light and heavy vehicles
    Wilton town centre to become a major residential, retail, commercial & entertainment core of the Wilton Growth Area
    Surrounding developments including 15,000 new dwellings, major school, roads & transport upgrades
    Tenant responsible for all outgoings, as per lease
    Fixed 3% rent increases for service station tenant
    Fixed 2% rent increases for workshop tenant
    Total Net Income: $453,738 pa + GST

    For Sale by Auction
    10.30am (AEST) Tuesday 21 June 2022
    Yallamundi Rooms, Sydney Opera House

    AUCTION

    Auction date and time21/06/2022 10:30
    Auction locationYallamundi Rooms, Sydney Opera House

    Property Highlights

    Date Sold21 Jun 2022
    Floor Area201 m²
    Land Area937 m²
    ParkingAsk Agent
    Property ID2017300165
    Category
    Last updated  22 Jun 2022
    Map for 1109a Argyle Street Wilton NSW 2571

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    Property Highlights

    Date Sold21 Jun 2022
    Floor Area201 m²
    Land Area937 m²
    ParkingAsk Agent
    Property ID2017300165
    Category
    Last updated  22 Jun 2022

    Co-Agents

    Kieran Bourke
    Burgess Rawson Sydney
    Call
    0417 418 007
    Darren Beehag
    Burgess Rawson Sydney
    Call
    0411 226 223

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