Burgess Rawson is pleased to offer to market 250-258 Whitehall Street, Yarraville (Melbourne) VIC for sale via Auction Investment Portfolio 172.
The property has the following key investment highlights:
+ 10 year lease to Shell/Viva Energy through to November 2029 with four (4) further five (5) year options to 2049.
+ Rent paid annually in advance.
+ Blue-chip, $4.59 billion(1) ASX-listed tenant Viva Energy has completed acquisition of Coles Express, in addition to the recent acquisition of the South Australian
based OTR group, will transform Viva Energy into Australia's leading convenience and mobility retailer with over 1,500 retail sites nationwide. (2)
+ Tenant paying all usual outgoings excluding building insurance and land tax, as per the lease.
+ Favourable annual CPI rent reviews.
+ Prime 3,080 sqm* inner-city corner site 1km* to Port of Melbourne, which handles more than one third of Australia's container trade.
+ Strategic location 5km* to Melbourne CBD, 1km to Westgate Freeway and 750m* to Yarraville Station.
+ Adjoins $34 million business park and sits directly opposite CSR Gyprock Head Office. (3)
+ State-of-the-art design including 4 truck bays with 5.5m* clearance, offering significant depreciation benefits.
+ Yarraville: High-growth, inner western Melbourne suburb with population forecast to jump 32% by 2051. (4)
+ Estimated Net Rent: $742,814pa* + GST (As at 14 November 2024)^
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne
*Approximately
^As at 14 November 2024 calculated on an assumed September 2024 Melbourne CPI figure 3%
(1) ASX - 18 Sept 2024
(2) Viva Energy Australia
(3) CSR Gyprock
(4) Forecast.id
