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1A Bay Street
Port Macquarie NSW 2444
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Sold on 19 Mar 2021

1A Bay Street Port Macquarie NSW 2444

  • Shop & Retail
  • 876 m²
  • Sold

Strong performing Service Station neighbouring Woolworths

  • Brand New 15 year Net Lease
  • Global Fuel & Convenience Retail Giant
  • Net Income $225,000 pa + GST

Cushman & Wakefield is pleased to present to the market 1A Bay Street, Port Macquarie for Sale via Auction.

The property has the following key characteristics:
- 15 year net lease to 2036 + options to 2066
- EG Group - Multinational fuel and convenience retail operator with $32.4 Billion and 6,012 locations globally
- EG Group - Acquired Woolworths Petrol for $1.7 Billion and operate circa 540 Woolworths Caltex service stations
- Located at the entrance to Port Macquaries Settlement City Shopping Centre featuring 60 specialty retailers
- Prominent corner position on Bay Street directly opposite McDonalds
- Future development upside offered with favourble B3 Commercial Core Zoning
- Newly built in 2010, the site offers modern improvements & dual-skinned fibre-glass tanks
- Favourable environmental provisions, ownership of the tanks & remediation the responsibility of EG Group
- Tenant pays all outgoings including Land Tax
- Net Income $225,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

Cushman & Wakefield Sydney
Cushman & Wakefield Sydney
Level 22/1 O'Connell St
Sydney, NSW 2000

Property Highlights

Date Sold19 Mar 2021
Floor AreaAsk Agent
Land Area876 m²
ParkingOn site parking available
Property ID2016797694
Category
Last updated  25 Mar 2021
Map for 1A Bay Street Port Macquarie NSW 2444

Nearest transport* to 1A Bay Street Port Macquarie NSW 2444

Bus
Settlement City Shopping Centre38 m
St Joseph's Primary School, Warlters St346 m
Port Macquarie Marina, Park St372 m
Park St Opp Riverview Park Rd462 m
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 Sold19 Mar 2021
Floor AreaAsk Agent
Land Area876 m²
ParkingOn site parking available
Property ID2016797694
Category
Last updated  25 Mar 2021

Listed by

Cushman & Wakefield Sydney
Call
02 8243 9999

More about 1A Bay Street Port Macquarie NSW 2444

1a Bay Street Port Macquarie NSW 2444 is categorized as Shop & Retail Property. It has a land area of 876 m². The listing ID for this property is 2016797694.

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