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512 Pascoe Vale Road
Pascoe Vale VIC 3044
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Sold on 25 Feb 2020

512 Pascoe Vale Road Pascoe Vale VIC 3044

  • Shop & Retail
  • 770 m²
  • Sold

Inner Melbourne 7-Eleven Freehold Investment

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.
Prominent 3,273 sqm* corner site 10 km from Melbourne CBD on the city-bound side of Pascoe Vale Road.
Strategic convenience retail location with Pascoe Vale Station, McDonalds, St Francis de Sales Primary School, Strathmore North Primary School, Red Rooster, Oak Park Aquatic Centre, Oak Park and Strathmore Football Clubs all within 1 km.
The last fuel site on Pascoe Vale Road before Citylink (500 metres south).
Extensive 94 metre frontage with 31,000 vehicles passing daily**.
Estimated net rent: $195,089 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino from 1:00pm AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**VicRoads
*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.

AUCTION

Auction date and time25/02/2020 13:00
Auction locationCrown Casino, Melbourne

Property Highlights

Date Sold25 Feb 2020
Floor Area770 m²
Land Area3,273 m²
ParkingOn site parking available
Property ID2016016539
Category
Last updated  27 Feb 2020
Map for 512 Pascoe Vale Road Pascoe Vale VIC 3044

Property Highlights

Date Sold25 Feb 2020
Floor Area770 m²
Land Area3,273 m²
ParkingOn site parking available
Property ID2016016539
Category
Last updated  27 Feb 2020

Co-Agents

Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830
Jamie Perlinger
Jamie Perlinger
Burgess Rawson VIC Pty Ltd
Call
0413 860 315

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