New Convenience Retail Investment – Brand New 10 Year Lease

132 Maitland Road , Mayfield NSW

Property Highlights

New 10 year lease to 2032 + options
Fixed 3% annual rent increases
Net Income $305,145 pa + GST

Description

Burgess Rawson is pleased to present 132 Maitland Road (Pacific Highway), Mayfield (Newcastle) NSW to the market for sale via Public Auction.

The investment has the following features:

+ Brand new 10 year lease to 2032 plus options to 2057.
+ Pearl Energy – Market leading fuel and convenience retail operator with over 67 sites nationally and growing
+ Modern state-of-the-art infrastructure with fibre glass tanks.
+ Commanding highway thoroughfare positioned on a 1,471sqm high profile landholding facing Pacific Highway
+ Strategically positioned opposite a brand new two storey Coles Supermarket.
+ Thriving commercial precinct surrounded by national tenants including McDonalds, Aldi, Chemist Warehouse, KFC, Centrelink/ Medicare, Anytime, Subway, Cash Converters and Australia Post.
+ Mayfield – Recognised as a key growth area in the north-western suburbs of Newcastle. Newcastle is the second most populated area in New South Wales with a growing population currently sitting at 457,004 people.
+ Fixed 3% annual rent increases.
+ Net Income $305,145 pa + GST

For Sale by Auction
Tuesday 10 May 10.30am (AEST)
Yallamundi Rooms, Sydney Opera House

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,471 SQM
Building Area
1 SQM

Price

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