Burgess Rawson in conjunction with Devine Real Estate are pleased to present to market 'Viva Energy' at 418 Main Road, Glenorchy TAS for sale via Investment Portfolio 173.
This property has the following key investment highlights:
+ Prominent 2,040 sqm* corner site with over 105 metres* of combined triple frontage.
+ Highly desirable 'Commercial' zoned freehold site, allowing for future value-add, upside or development potential - STCA
+ Centrally located convenience retail location opposite Northgate Shopping Centre attracting over 4.6 million visitors annually, anchored by Woolworths & Coles Supermarkets, Chemist Warehouse, ANZ, Commonwealth Bank, NAB & Westpac and complimented by 45 specialty stores and 843 car parking spaces.***
+ Twelve (12) year 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 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 $4.51 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.
+ Surrounded by important social infrastructure including Dominic College, Guilford Young College, Montrose Bay High School, Glenorchy Primary School and 8 other schools servicing 4,360 full time students.****
+ Expansive 210 sqm* convenience retail shop, complemented by a 126 sqm* canopy featuring four (4) undercover fuel bowsers.
+ Northgate Shopping Centre total trade area catchment 106,000 people***, located in the Glenorchy LGA, just 7km* from Hobart*****
+ Hobart: Administrative capital of Tasmania with a total population forecast to grow by 15.8% to 292,000 by 2033/34.******
+ Net Income: $264,315 pa* + GST.
To be sold by Investment Portfolio Auction 173
10:30AM AEDT Wednesday 11 December 2024
River Room, Crown Casino, Melbourne
*Approx
**Viva Energy
***Northgatesc.com.au (https://www.northgatesc.com.au/shopping) (Vicinity Centres)
****Gapmaps
*****Glenorchy City Council (https://www.gcc.tas.gov.au/discover-glenorchy/about-our-city/our-history/)
******Centre for Population (p35) (https://population.gov.au/sites/population.gov.au/files/2023-12/2023-population-statement.pdf)
