Burgess Rawson is pleased to offer to market 'Viva Energy' located at 170-172 Baillie Street (Western Hwy), Horsham VIC for sale via Portfolio Auction Investment 172.
The property has the following key investment highlights:
+ 15-year Triple Net lease to 2031 plus seven further 10-year options to 2101
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and multiple holding Land Tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy Limited (ASX: VEA): Blue-chip $4.51billion ASX200 company & Shell's Australian licensee.**
+ With over 1,500 retail sites nationwide, Viva Energy has completed acquisitions of Coles Express, and the South Australia-based OTR group, aiming to transform it into Australia's leading convenience and mobility retailer.**
+ Guaranteed rental growth with annual fixed 3% rent increases during the lease term.
+ Dominant 4,777sqm gateway corner site with over 133 metres* of combined frontage and 42,000 vehicles passing weekly.***
+ Significant 436sqm* convenience retail including large Subway restaurantwith four (4) undercover fuel bowsers.
+ Western Highway: A major arterial route linking Melbourne to Adelaide, facilitating efficient transportation between Victoria and South Australia.****
+ Horsham Rural Regional Council: Horsham Rural Regional Council has a Gross Regional Product (GRP) of $1.75B supporting 2,162 businesses***** and 10,271 local jobs.******
+ Horsham: Wimmera's commercial and retail capital with a population over 20,000 *******
+ Potential 50% stamp duty savings
+ Net Rent: $316,692 pa* + GST
For Sale by Portfolio Auction Investment 172
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne
*Approx
** Viva Energy
***Gapmaps
****Vic Roads
*****Regional Development Victoria
******Remplan
*******Profile id
