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212-222 Andrews Road
Penrith NSW 2750
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Sold on 27 Oct 2020

212-222 Andrews Road Penrith NSW 2750

  • Shop & Retail
  • 449 m²
  • Sold

5,784 sqm* Western Sydney 7-Eleven Investment

Brand new 12 year net lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australias #1 convenience retailer with over 700 stores and 38% market share.
Significant 5,784 sqm* site.
Prime corner position at the northern gateway to Penriths Castlereagh/Mulgoa Road large format retail, trade retail, sport and entertainment corridor supported by Kennards, Volkswagon, Nissan, McDonalds, Bunnings, Gyprock and more.
Over $700 million** in commercial and industrial developments within 400 metres (recently completed or under construction) including 440,000 sqm* Nepean Business Park, 50,000 sqm* Visy Warehouse and the Waterside Business Park.
Adjacent to Penriths Whitewater Stadium and proposed 330 hectare Penrith Lakes urban development***.
Local population forecast to soar by 76% by 2036****.
Just 2.1 km from Penrith CBD, Train Station and Westfield.
Landlord-favourable, net lease terms, 7-Eleven pay rates, building and public liability insurances, repairs and maintenance in accordance with the lease.
7-Eleven responsible for maintenance and replacement of fuel tanks and equipment and site remediation in accordance with the lease.
Strategic essential service investment.
Estimated net rent: $181,760 pa.

Investment Portfolio Auction 140
11AM (AEDT) Tuesday 27 October 2020
Yallamundi Rooms, Sydney Opera House

**Cordell and AFR
***Penrith Lakes development application
****profile.id and Penrith City Council Community Profile 2018
*All areas and figures approx only. All boundaries are indicative only. Rent stated is estimated net rental based on commencing rents in the lease and current single holding land tax assessments. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

AUCTION

Auction date and time27/10/2020 11:00
Auction location212-222 Andrews Road, Penrith NSW

Property Highlights

Date Sold27 Oct 2020
Floor Area449 m²
Land Area5,784 m²
ParkingAsk Agent
Property ID2016530578
Category
Last updated  28 Oct 2020
Map for 212-222 Andrews Road Penrith NSW 2750

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Property Highlights

Date Sold27 Oct 2020
Floor Area449 m²
Land Area5,784 m²
ParkingAsk Agent
Property ID2016530578
Category
Last updated  28 Oct 2020

Co-Agents

Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696
Jamie Perlinger
Jamie Perlinger
Burgess Rawson VIC Pty Ltd
Call
0413 860 315
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830
Rhys Parker
Rhys Parker
Burgess Rawson Sydney
Call
0451 101 042

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