Burgess Rawson are pleased to offer to market the Viva Energy at 128 Pacific Highway, Charlestown (Newcastle) NSW 2290 to be sold via National Portfolio Auction 177.
This property has the following key investment highlights:
+ Prominent 2,229 sqm* corner site with140metres* combined triple street frontage.
+ Highly desirable 'E2 Commercial Centre' zoned freehold site across four separate titles, allowing for future value-add, upside or development potential (53m height limit) STCA.
+ Impressive convenience retail centre with eight (8) undercover fuel bowers plus 5 bay Mycar service centre.
+ Strategic location opposite the significant Charlestown Square Shopping Centre attracting over 10 million* visitors annually (1), anchored by Myer, Woolworths, Coles, Big W and world leading brand H&M. (2)
+ Fourteen (14)year Triple Net lease to 2030 plus Seven(7)furtherTen(10)year options to 2100.
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and multiple holding land tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement (including fuel tanks and equipment) plus site remediation.
+ Viva Energy Group Limited (ASX: VEA): Blue-chip ASX200 company & Shell's Australian licensee. (3)
+ With over 1,500 fuel and convenience retail sites nationwide, Viva Energy has completed acquisitions of Coles Express, and the South Australia-based OTR group, aiming to transform it into Australia's leading convenience and mobility retailer. (3)
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Strategically positioned across from the brand new 'Charlestown Health Hub' home to Ramsay Surgical Centre, IPN & Hunter Imaging, while surrounded by important social infrastructure, including 21 schools within 3km* servicing 11,437 full time students. (4)
+ Charlestown: booming location 152 km* north of Sydney CBD with 75,991 residents (5) and 26,969 motor vehicles within a 3km* radius. (4)
+ Lake Macquarie City: Home to over 221,000 people (6), it is the third largest regional city in NSW by population. (7)
+ Newcastle: A major Commercial Hub with population forecast to grow by 17% to 205,445 by 2046. (8)
+ Net Income: $321,886 pa* + GST (As at August 2025)
To be sold via National Investment Portfolio Auction 177
10:30AM AEST Tuesday 24 June 2025
Opera House, Sydney
Jamie Perlinger
0413 860 315
jperlinger@burgessrawson.com.au
David Napoleone
0417 308 067
dnapoleone@burgessrawson.com.au
Geoff Sinclair
0451 462 759
gsinclair@burgessrawson.com.au
*Approx
1 Invest Lake Macquarie
2 Charlestown Square
3 Viva Energy
4 Gapmaps
5 ABS
6 REMPlan
7 Lake Macquarie City
8 Profile.id
