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83B Purnell Road Corio VIC 3214

  • Retail
  • 377 m²
  • Commercial Auction

Unique Geelong 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.
    Unique 2,361 sqm corner site integrated with the recently transacted $101 million* Corio Village Shopping Centre, attracting 5.6 million customers annually**.
    Strategic convenience location with St Francis Xavier School, Northern Bay College and Recreation Reserve within 500 metres* and over 17,000 vehicles passing daily***.
    8km north of Geelong CBD.
    Northern Geelong is a high-growth region, with forecast population growth of 57% by 2041****.
    Estimated net rent: $160,245 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.

    **Vicinity Centres
    ***VicRoads
    ****forecast.id
    *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 date and time25/02/2020 13:00
    Auction location83b Purnell Road, Corio VIC

    Property Highlights

    Property ID2016016418
    Floor Area377 m²
    Land Area2,361 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  10 Feb 2020
    Map for 83B Purnell Road Corio VIC 3214
    Map for 83B Purnell Road Corio VIC 321483B Purnell Road Corio VIC 3214
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000

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