464-468 Armidale Road Nemingha NSW 2340

Burgess Rawson is delighted to introduce this extraordinary investment opportunity, available exclusively offered to the market for sale through an Expression of Interest. The property comes with a secure and lucrative lease agreement, operating as a BP. This outstanding opportunity promises substantial returns and long-term stability for discerning investors.

The Service Centre has undergone a major refurbishment in 2020 including new tanks, fitout and livery, turning it into a modern and attractive service centre. The tenancy also includes a quality and high turnover mechanics workshop further adding to the performance of the location.

BP Brand is a pioneering industry leader, has made significant strides in revolutionizing various initiatives. With over 300 service stations and a workforce comprising approximately of 5,200 employees and long-term contractors spread across every state and territory in the country, BP's presence in Australia is well-established. With a steadfast focus on sustainable energy solutions and environmental responsibility, BP continues to pave the way for a greener and more prosperous future in Australia and beyond.

Highlights:
- Land Size: 2930 sqm
- R1 - General Residential Zoning
- Net Rent $228,960 per annum (as of Dec 23)
- 3% or CPI whichever is the higher Annual Increases
- 10 year lease with further options
- 100% outgoings paid by Lessee

Nemingha is a charming and picturesque suburb located in the beautiful New South Wales (NSW) close to the bustling town of Tamworth. Nestled amidst the rolling hills and lush landscapes, this serene little town offers a perfect blend of rural tranquility and modern conveniences.

Lessee: KSPATEL Licenced to BP
Lease Term: 10 years
Lease Commencement: 19 December 2022
Lease Expiry: 18 December 2032
Further Options: 5 years plus 2 x 5 years
Increases: 3% or CPI whichever is the higher per annum

Net Income: $228,960 per annum (as of Dec 23)

For Sale by Expression of Interest Closing 5th of October 2023 at 4pm (unless sold prior)

For more information, please reach out to Guy Randell on 0430 272 999 or Kieran Bourke on 0417 418 007.