Global & National Tenants - Strategic Convenience Retail & Distribution Centre
ASX and NYSE Listed Anchor Tenants
Significant 21,000sqm corner landholding
Net Income $769,736 + GST
Cushman & Wakefield in conjunction with Next Commercial are pleased to present to the market 130 Cormorant Road, Kooragang (Newcastle) for sale via Expressions of Interest.
This exceptional offering has the following key characteristics:
- Prized Convenience Retail, Fast Food & Distribution Centre with 86% of income underpinned by global and national tenant covenants - Viva Energy Australia Pty Ltd - Wholly owned subsidiary of ASX listed Viva Energy Group Ltd (ASX:VEA) with market capitalisation of $3.90 billion. Local network of over 1,250 locations across Australia - Elgas Ltd - Wholly owned subsidiary of Fortune 500 Linde PLC, the world's largest industrial gas company by market share/revenue. Listed entity on German & New York Stock Exchange with market cap of over $148 billion - KFC - Iconic fast food brand serving 2 million customers weekly across 640 outlets nationally - Barrington Bakery - Award winning, third generation bakers with 6 sites across New South Wales - BayWash - 24 hour fully automated car wash facilities - Newly purpose-built distribution facility, service station (with diesel truck stop) & convenience centre with KFC drive thru and automated/manual car wash facility, offering significant depreciation benefits - Strategic 21,000 sqm corner site with direct access to Cormorant Road - Surplus land for future development upside (STCA) - Viva Energy rental paid annually in advance - Fixed 3% and CPI annual rent increases - Net Income $769,736 + GST
The property is for sale via Expressions of Interest closing Wednesday 25 August at 3pm.
For more information, please contact the exclusively appointed Cushman & Wakefield and Next Commercial property professionals.
