Cameron Park site listed for auction

Published on: 29/04/2023

A fast food and convenience retail investment is listed for sale at Cameron Park.

Offering a 15-year lease to 2038 plus options, EG Cameron Park at 180 Portland Drive is being sold with agency, Burgess Rawson.

The property occupies a substantial 3,874 square metre site directly adjoining McDonald’s and the Woolworths-anchored Cameron Park Plaza.

It includes a fuel and convenience store retailer, with favourable annual CPI rent reviews plus landlord-favourable, net lease terms with the tenant responsible for all usual outgoings.

It also includes a fast-food drive-thru facility offering tax depreciation benefits, according to Burgess Rawson agent Campbell Bowers. The net income is $450,000 per annum.

The investment opportunity at 180 Portland Drive, Cameron Park will be sold by Investment Portfolio Auction at 10.30am on May9 at the Yallamundi Rooms, Sydney Opera House. Pictures supplied.

The property is positioned in close proximity to the Pacific Highway and George Booth Drive which collectively service more than 62,500 cars daily.

Newcastle Herald