Burgess Rawson in conjunction with Elders Real Estate are pleased to present to market 'Viva Energy' at 69 Wellington Street, Launceston TAS for sale via Investment Portfolio 173.
This property has the following key investment highlights:
+ 16-year Triple Net lease to 2032 plus seven (7) further ten (10) year options to 2102.
+ 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.
+ Prime 1,980 sqm* CBD corner site with over 98 metres* of combined dual frontage.***
+ Expansive 250 sqm* convenience retail shop including a Mycar Tyre & Auto with an attached 80 sqm* canopy covering four (4) undercover bowsers.
+ Blue-chip location within Launceston's retail precinct surrounded by national tenants including Woolworths & Coles Supermarkets, Target, Myer Department Store, Dan Murphy's, BWS and Subway all within 500 metres.****
+ Surrounded by important social infrastructure including Launceston General Hospital and 17 schools servicing 6,513 full time students within 3km*.****
+ Launceston: a major administrative and commercial centre of Northern Tasmania with a trade catchment of over 155,000.*****
+ Net Income: $385,112 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
***Land Information Service Tasmania LISTmap
****Gapmaps
*****City of Launceston Prospectus 24/25 (pg7) City-of-Launceston-Prospectus-2024-25.pdf
