Burgess Rawson is pleased to offer to market 'Viva Energy' located at 281 Margaret Street (corner Mylne Street), Toowoomba QLD for sale via Auction Investment Portfolio 172.
The property has the following key investment highlights:
+Prominent 2,851sqm* corner site with130metre* combined frontage
+ Highly desirable 'Principal Centre' zoned freehold site across eight separate titles, allowing for future value-add, upside or development potential (6 storeys) - STCA
+ Impressive convenience retail centre with six (6) undercover fuel bowers plus drive-thru tunnel car wash
+ Strategic location opposite the significant Grand Central Shopping Centre attracting over 10 million visitors annually, anchored by Myer, Woolworths, Coles, Kmart Big W and world leading brand H&M****
+ Twelve (12)year triple net lease to 2028 plus seven(7)furtherten(10)year options to 2098
+Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax
+Tenant also responsible for all structural maintenance, repairs and replacement (including fuel tanks and equipment) plus site remediation
+ Viva Energy Limited (ASX: VEA): blue-chip $4.51 billion 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
+ Toowoomba City: booming location with 43,605 residents and 25,958 motor vehicles within a 3km* radius, surrounded by important social infrastructure, including 27 schools within 3km* servicing 16,393 full time students****
+ Toowoomba Region: the western gateway to the $237 billion***** south-east Queensland economy, with population forecast to exceed 204,000 people by 2041******
+ QLD's 6th largest region by population, the Toowoomba Region generates $14.76 billion in Gross Regional Product (GRP) with an estimated 93,206 jobs in the area******
+ The Toowoomba Region is nestled within Southern Queensland Country, a booming tourism destination that welcomed more than 2.7 million domestic visitors in the year ending June 2023. The visitors contributed an impressive $978.8 million in expenditures*******
+ Toowoomba City: a booming growth suburb where median house prices have surged by 36%* in the past 24 months********
+ Net Income: $228,019pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane
*Approx.
**Viva Energy
***Gapmaps
****Grand Central Chopping Centre
***** Toowoomba GOV
****** Forecast.id
*******Tourism & Events Queensland
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