Burgess Rawson are pleased to offer to the market Viva Energy Convenience Retail Investment at 115 Dixon Road East Rockingham WA for sale via Auction Investment Portfolio 169.
The property has the following key investment highlights:
+ Brand new fifteen (15) year lease to 2038 with a four further five (5) year options to 2058
+ Strong and certain rental growth with fixed 3% rent increases annually
+ Landlord-favourable lease terms with tenant responsible for all usual outgoings including land tax and management fees ($13,132.5 per year)
+ Viva Energy Limited (ASX: VEA): Blue-chip $5.5 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market (1)
+ Major arterial location with 26,000* cars and 2,200* heavy vehicles passing daily with direct connection to Kwinana Freeway linking Western Australia's major freeways and arterials (2)
+ Brand new 2023 construction, offering state-of-the-art fuel infrastructure and tax-saving depreciation benefits
+ Substantial retail store built to Liberty's impressive corporate layout and convenience retail design and dual-fuel canopies with a separate truck canopy
+ Prominent 2,941sqm* corner freehold site with 4 crossovers including important truck ingress and egress
+ Outstanding 142 meters* of frontage and exposure (2)
+ Within a 5km radius of the site, over 30,500 vehicles spend a total of $51.81 million of fuel annually (2)
+ East Rockingham: Booming metro Perth industrial and logistic precinct within proximity of major national tenants Toll & QUBE Logistics, Elders, Reece, Fenner and Veolia Waste Management
+ City of Rockingham: Population of over 149,000 and the city is forecast to grow 55% to 232,000 by 2046 (3)
+ Net Income: $437,750 pa* + GST as of August 2024
To be sold by Investment Portfolio Auction (unless sold prior):
10:30am (AEST)
Wednesday, 26 June 2024
Crown Casino, Melbourne
*Approximately
1 ASX 25/05/2024
2 Gapmaps
3 Forecast id
