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.
View the original article here
To find out more about the properties in our portfolio, and how we can help you with sales, leasing and property management services, please contact us.
View the property here.
Originally written by Simon Johanson, The Age