400-414 Parramatta Road Burwood NSW 2134
- Shop & Retail
- 820 m²
- Commercial Auction
Trophy Parramatta Road Asset - Large 3,028 sqm Landholding
- Brand new 15 year net lease
- Global fuel & convenience retail giant
- Net Income $330,000 pa + GST
Cushman & Wakefield is pleased to present to the market 400-414 Parramatta Road, Burwood (Sydney) for Sale via Auction.
The property has the following key characteristics:
15 year net lease to 2035 + options to 2065
EG Group - Multinational fuel & convenience retail giant with 2019 Rev. of $32.4 Billion & 6,012 locations globally
EG Group - Acquired Woolworths Petrol for $1.7 Billion & operate 540+ Woolworths Caltex service stations
Parramatta Road site - 45,000 cars passing daily with direct access to Great Western Hwy & Western Mwy
Strategic position in close proximity to national tenants including Dan Murphys, 7-Eleven, Reece & Caltex
Burwood - Inner west suburb 10 km from Sydney CBD
Newly built in 2008, the site offers modern improvements & dual-skinned fibre-glass tanks
Favourable environmental provisions, ownership of the tanks & remediation the responsibility of EG Group
Tenant pays all outgoings including Land Tax
Net Income $330,000 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 5 November at 12 noon AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.
Prospective purchasers and interested parties in this tenanted investment 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.
|Auction date and time||05/11/2020 12:00|
|Auction location||Doltone House Hyde Park - 3/181 Elizabeth Street, Sydney|
|Floor Area||820 m²|
|Land Area||3,028 m²|
|Parking||On site parking available|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||23 Oct 2020|