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Sold on 21 Feb 2018

2-4 Peterborough Avenue Lake Illawarra NSW 2528

  • Retail
  • Floor Size1 m²
  • PriceSold

15 Year Lease + Options to 2040 Built New 2015 – Excellent 4% Annual Rent Increases

15 year lease from December 2015 plus options
Highly visible prime corner south coast position – one hour south of Sydney
Site area of 1,750 sqm with wide 94 metre street frontage (incl. 52 metres to highway)
Impressive state-of-the-art 7-Eleven including fuel & convenience store
Strategic location at centre of sprawling Wollongong & Shellharbour urban areas (combined population 281,712)
250 metres from Warilla Grove Shopping Centre
As new improvements attracting major depreciation benefits
Superior net lease with tenant paying all usual outgoings, excluding land tax
4% pa rent increases escalating to $550,000 pa + GST in 2030
Net Income: $328,508 pa + GST (as at Dec. 2017)

Property Highlights

Property ID2014126574
Date Sold21 Feb 2018
Floor Area1 m²
Land Area1,750 m²
ParkingAsk Agent
Category
Last updated  21 Feb 2018
Map for 2-4 Peterborough Avenue Lake Illawarra NSW 2528
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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