Burgess Rawson with Leedwell Property are pleased to offer to the market 561-567 Port Road, West Croydon SA for sale via Expression of Interest.
+ Multi-offer convenience site including large convenience store, Subway QSR and freestanding Krispy Kreme factory with drive thru
+ Brand new 18 year lease to 2042 plus options to 2077
+ Guaranteed rental growth with annual fixed 3.5% rent increases
+ Tenant pays 'multiple holding' land tax
+ Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance
+Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia's leading convenience retail with 1,500 sites nationally (1)
+ OTR: leading independent convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR's including Hungry Jack's, GyG, Subway & Oporto (2)
+ Position perfect 5,474sqm* corner freehold with 137 metres* frontage and exposure to major 6 lane arterial road with 44,000 VPD*
+ The offering comprises one (1) Head Lease to Viva Energy and includes large convenience retail with Subway (435sqm), Krispy Kreme state (SA) headquarters over two levels with full commercial bakery facility supplying 150 sites, dine in retail restaurant & 24/7 retail drive thru (1,258sqm), plus telco tower
+ Important 52 on site car spaces
+ West Croydon established inner suburb 5km* west of CBD
+ Significant taxation saving depreciation
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
+ Stamp duty free investment
+ Rent $759,802 pa + GST
For Sale via Expression of Interest
Closing 4pm AEDT, Thursday 14 November 2024
Contact the exclusively appointed agent for more information.
Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Raoul Holderhead 0413 860 304
Jamie Perlinger 0413 860 315
Leedwell Property Pty Ltd | RLA 222531
Mitch Curnow 415 494 056
* Approx
1. Viva Energy
2. OTR/Viva
3. Gapmaps
4. Commsec State of States Report
