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Sold on 1 Nov 2018

161-189 Ogilvie Avenue Echuca VIC 3564

  • Retail
  • 5,240 m²
  • Sold

RECENTLY CONSTRUCTED FREESTANDING HUNGRY JACKS AND UNITED SERVICE STATION

  • 12 Year Net Leases, 10 years to run
  • Strategic 5,240sqm* land holding
  • Net Income of $506,000 per annum*

Recently constructed Freestanding Hungry Jacks and United Service Station investment located on the major highway through Echuca

12 Year Net Lease to Hungry Jacks and a 12 Year Net Lease to United Petroleum both expiring in 2028

Strategic 5,240sqm* land holding, directly adjacent to Bunnings Warehouse and a brand new large format retail centre

Significant depreciation benefits available given the 2016 build

Fully Leased Net Income of $506,000 per annum* with fixed annual increases

For Sale Via Public Auction as part of the CBRE Premium Property Portfolio Auction to be held on November 29th 2018 from 6.00pm (AEDT) at Zagame Ferrari Head Office, Level 1, 430 Swan Street Richmond, Vic

For further information contact the exclusive selling agents:

CBRE:

Joseph Du Rieu
0408 892 976

Kevin Tong
0422 848 818

MELCORP:

Paul Jones
0488 779 749

Tim Spargo
0402 747 030

AUCTION

Auction date and time29/11/2018 18:00
Auction locationlevel 1, 430 Swan Street Richmond

Property Highlights

Property ID2014720663
Date Sold1 Nov 2018
Floor Area5,240 m²
Land Area5,240 m²
ParkingAsk Agent
Category
Last updated  12 Nov 2018
Map for 161-189 Ogilvie Avenue Echuca VIC 3564
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

Ask Joseph Du Rieu about this property

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