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1579 Pacific Highway Wahroonga NSW 2076

  • Retail
  • 448 m²
  • Commercial Auction

Generational 7-Eleven Freehold Investment

    Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
    Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
    7-Eleven is Australias #1 convenience retailer with over 700 stores and approximately 38% market share.
    Landmark 2,118 sqm* site on major Pacific Highway corner with over 60,000 vehicles passing daily**.
    Commanding 108 metre* corner frontage (plus splay).
    Gateway to tightly held Wahroonga Village Shopping Centre and Council car park (179 spaces***), one of Sydneys strongest neighbourhood retail strips.
    Blue-Chip location with Wahroonga Train Station, Australia Post, Commonwealth Bank, Westpac Bank, BWS, Neringah Hospital and Pacific Motorway all within 600 metres.
    Site set to benefit from proposed major upgrades to the Pacific Highway/Redleaf Avenue intersection, including new traffic lights, turning lanes and pedestrian crossings**.
    Affluent local demographic with household income 40% higher than the national average**** and median house price of $1.855 million*****.
    Premier education precinct with Knox Grammar, Abbotsleigh School, Wahroonga Prep School, St Lucys School and Prouille Catholic Primary School (4,754 students combined) all within 500 metres.
    Ku-Ring-Gai Council population is forecast to increase by 25% over the next 20 years***.
    Estimated net rent: $116,904 pa*.

    To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
    17 other 7-Eleven freehold investments also available.
    Contact sales team for more details.

    **RMS
    ***Ku-Ring-Gai Council
    ****GapMaps
    *****realestate.com.au
    *All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

    Auction date and time25/02/2020 10:30
    Auction location1579 Pacific Highway, Wahroonga NSW

    Property Highlights

    Property ID2016016532
    Floor Area448 m²
    Land Area2,118 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  14 Feb 2020
    Map for 1579 Pacific Highway Wahroonga NSW 2076
    Map for 1579 Pacific Highway Wahroonga NSW 20761579 Pacific Highway Wahroonga NSW 2076
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000

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