Convenience stores, a favourite with drivers, are also charming investors

Wednesday 28 March 2018

Convenience stores, a favourite with drivers, are also charming investors.

Convenience stores, a favourite with drivers, are also charming investors.

Burgess Rawson’s Rick Silberman and Jamie Perlinger sold a 7-Eleven at the service station in 10 Amayla Crescent to a local investor on a sharp 5.68 yield for $4.4 million.

The store provided rental income of $250,000 per annum on a new 15-year lease with options to 2042.

“The price demonstrates the incredible appeal of well-located retail investments on long-term leases to quality tenants” Mr Silberman said.

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Originally written by Simon Johanson, The Age