Impressive Convenience Retail Freehold Investment

140-146 Gladstone Road, Rockhampton City QLD

Property Highlights

Rare Triple Net Lease to Viva Energy
Amongst various national tenants
Annual compounding 3% rent increases
Register to Bid

Description

+ Secure 11 year triple net lease to 2027 plus seven further 10 year options to 2097.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $3.18 billion ASX-listed company and Shell’s Australian licensee with over 1,300 retail fuel sites across Australia**.
+ Viva Energy controls 24% of Australia’s retail fuel market, with retail fuel volume up 23% in the first half of 2021**.
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Prominent 2,668 sqm corner site with 50sqm* frontage to Bruce Highway, a major arterial road servicing an average of 16,000+ vehicles per day.***
+ Surrounded by important social infrastructure, including 13 schools within 2.5km servicing a combined 6,287 full time students.***
+ Strategically located within close proximity to various high-profile national tenants – ALDI, Fantastic Furniture, Thirsty Camel, Dan Murphy’s, Ultra Tune and Jax Tyres all within 1km.
+ Less than 800 metres from the Rockhampton Train Station, catering to 55,000 passengers annually – currently undergoing a $15 million upgrade to its internal fit out and parking capabilities.****
+ Rockhampton Regional Council: By 2036, the Rockhampton Regional Council’s population is forecast to grow 26.69% to a population exceeding 112,000.*****
+ Strategic essential service investment.
+ Net Rent: $170,036 pa

For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021

2 other Viva Energy freehold investments also available.
Contact sales team for more details.

**Viva Energy
***Gap maps
****Rockhampton Train Minister
*****Forecast.id

*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
2,668 SQM
Building Area
1 SQM

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