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1A Bay Street Port Macquarie NSW 2444

  • Shop & Retail
  • 876 m²
  • Commercial Auction

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.

Auction date and time19/03/2021 10:00
Auction locationDoltone House Hyde Park - 3/181 Elizabeth Street, Sydney
Map for 1A Bay Street Port Macquarie NSW 2444
Map for 1A Bay Street Port Macquarie NSW 24441A Bay Street Port Macquarie NSW 2444
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

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