High Yielding Fuel Investment – 15 Year Lease to 2029 Plus Options

1328 Newman Drive, Newman WA

Property Highlights

15 Year Lease to 2029 + Option to 2039
Huge 3,420 sqm corner land holding
Minimum 3% annual rent increases
Register to Bid

Description

+ Secure 15 year net lease to 2029 plus two (2) further five (5) year options to 2039.
+ AMPOL: ASX100 Company across 1,900 locations and a market cap of $6.7 billion.**
+ AMPOL re-branding scheduled for September 2021.
+ Tenant pays all usual outgoings as per lease including Land Tax.
+ Guaranteed rental growth with minimum annual fixed 3% rent increases.
+ Major 3,420sqm corner site offering 50* metre frontage to Newman Drive, a main road arterial providing commuters with direct access to the Great Northern Highway.
+ Within 1.2km of BHP owned Mt. Whaleback, the largest single-cut iron ore mine in the world – BHP Billiton Pilbara operations employ over 13,000 people of which many live in the town of Newman.***
+ Surrounded by important social infrastructure including 3 schools within 1km servicing a combined 1,036 full time students.****
+ Conveniently situated within close proximity to various high-profile tenants – Woolworths, IGA, Snap Fitness, Chicken Treat, Thirsty Camel and Subway all within 500 metres.
+ Located 800 metres from the Newman Hospital – currently undergoing a $61.4 million redevelopment jointly funded by the State Government and BHP Iron Ore.*****
+ Strategic essential service investment.
+ Net Income: $548,831 pa* + GST

To be sold by Investment Portfolio Auction:
11am (AEST) Thursday 30 September 2021

**AMPOL
***Aussie Towns
****GapMaps
*****WA Gov

*All areas and figures approx. only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
3,420 SQM
Building Area
1 SQM

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