Rare 10-year ground lease to 2031 plus options to 2046.
United Petroleum: Top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 465 sites nationally.**
Strong and certain rental growth with fixed annual, compounding 2% increases.
Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding Land Tax.
Recent major tenant funded upgrade and refurbishment.
Landlord friendly lease tenant owns all infrastructure including the buildings, tanks and lines.
Favourable Industrial 1 Zoning (IN1Z) with substantial development upside (STCA).
Major 3,260 sqm* retail site with 114 metres* of frontage and exposure to McIntyre Road, a main arterial road
servicing over 27,000 vehicles daily.***
Adjacent to Pickles Auctions, Australia's leading vehicle, industrial and salvage asset remarketing company with over 23 branches nationwide and more than 150 auctions monthly.****
Bunnings, Woolworths, Coles, ALDI, Dan Murphy's, JB Hi-Fi, McDonald's, KFC, Hungry Jack's, Big W and Western Ring Road connection all within 2km.*
Located 650m* from Vicinity-owned Sunshine Marketplace, a single supermarket and DDS shopping centre anchored by Woolworths and Big W, complemented by over 50 specialty stores.*****
Melbourne's 2nd Largest LGA, the City of Brimbank generates $25.85 billion in annual economic output with an estimated 68,766 jobs in the area.******
The value of building approvals in the City of Brimbank has grown 42% to $733 million since FY2021/2022.******
Sunshine: Strategic Metro-Melbourne location just 11km west of Melbourne CBD, population forecast to grow 71.5% by 2041.*******
Minimum management, essential service investment.
Net Income: $93,445 pa + GST.*
To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 14 September 2022
Crown Casino, Melbourne
*Approximately
** United Petroleum
*** Gapmaps
**** Pickles Auctions
***** Vicinty
****** Remplan
*******Forecast.id