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130 Cormorant Road
Kooragang NSW 2304
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Sold on 3 Sep 2021

130 Cormorant Road Kooragang NSW 2304

  • Shop & Retail
  • 1 m²
  • Sold

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.

EXPRESSION OF INTEREST

Closing date and time25/08/2021 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold3 Sep 2021
Floor Area1 m²
Land Area2.1 ha
ParkingOn site parking available
Property ID2017144028
Category
Last updated  8 Feb 2022
Map for 130 Cormorant Road Kooragang NSW 2304

Nearest transport* to 130 Cormorant Road Kooragang NSW 2304

Bus
Train
Teal St Opp Sandpiper Cl837 m
Teal St At Sandpiper Cl880 m
Crebert St Near Mayfield East Primary1.9 km
Ingall St Opp Mayfield East Public School1.9 km
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold3 Sep 2021
Floor Area1 m²
Land Area2.1 ha
ParkingOn site parking available
Property ID2017144028
Category
Last updated  8 Feb 2022

Listed by

Anthony Bray
Anthony Bray
Next Commercial
Call
+61419322233

More about 130 Cormorant Road Kooragang NSW 2304

130 Cormorant Road Kooragang NSW 2304 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 2.1 ha. The listing ID for this property is 2017144028.

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