3 Glassey Place Spence ACT 2615

Brand new 12 year 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 approximately 38% market share.
Popular convenience precinct 11 km north west of Canberra CBD, directly opposite shopping centre with independent supermarket, bakery, butcher, pharmacy, physio and 38 car spaces.
Large 1,936 sqm* site, immaculately presented with over 128 metres* of combined frontage.
Strategic location just off Kingsford Smith Drive, close proximity to Spence Oval, Mount Rogers Reserve and Taqwa School.
Affordable price point in fast growing Belconnen region with forecast population growth of 59% by 2058**.
Estimated net rent: $139,915 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**Treasury ACT & ABS
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. 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.