Trophy Brisbane 7-Eleven - High Profile Metro Location
15 year lease to 2031 + opts to 2051
Rare fixed 3.75% annual rent increases
Net Income $390,778 pa + GST
Cushman & Wakefield is pleased to present to the market 2009 Sandgate Road, Virginia for Sale via Auction.
The property has the following key characteristics:
- 15 year lease to 2031 + options to 2051 - 7-Eleven - Australias third largest private company, network of 700+ convenience stores & revenue of $3.4 Billion - Built in 2016, the site offers as new improvements providing significant depreciation benefits - High profile Sandgate Road location - Major six lane carriageway with 44,380 vehicles passing daily - Strategic position as the only inbound service station for 7.5 km - Virginia - Major retail precinct 10 km from CBD, home to Bunnings, Officeworks, McDonalds, Hungry Jacks, BCF, Supercheap Auto, Chemist Warehouse & Amart - Modern service station equipped with dual skinned fibreglass underground tanks - Landlord friendly environmental provisions ensuring tenant is responsible for full site remediation - Net lease - Tenant pays all outgoings excl. Land Tax - Rare fixed 3.75% annual rent increases - Net Income $390,778 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW.
Prospective purchasers and interested parties 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.
