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2-4 Peterborough Avenue
Lake Illawarra NSW 2528
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Sold on 20 Feb 2018

2-4 Peterborough Avenue Lake Illawarra NSW 2528

  • Shop & Retail
  • 1,750 m²
  • Sold

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

Date Sold20 Feb 2018
Floor AreaAsk Agent
Land Area1,750 m²
ParkingAsk Agent
Property ID2014126574
Category
Last updated  21 Feb 2018
Map for 2-4 Peterborough Avenue Lake Illawarra NSW 2528

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Property Highlights

Date Sold20 Feb 2018
Floor AreaAsk Agent
Land Area1,750 m²
ParkingAsk Agent
Property ID2014126574
Category
Last updated  21 Feb 2018

Listed by

Darren Beehag
Darren Beehag
Burgess Rawson Sydney
Call
0411 226 223

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