Inner-Newcastle 7-Eleven Freehold Investment

184-188 Hannell Street, Maryville NSW

Property Highlights

Brand new 12 year lease to 7-Eleven
2,997 sqm inner-Newcastle site
Forecast 72% local population growth

Description

Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australia’s #1 convenience retailer with over 700 stores and approximately 38% market share.
Large, underutilised 2,997 sqm* site.
Inner-Newcastle location on key 4-lane arterial supported by Mazda, Kia, Subaru, Holden and NAB Business Bank all within proximity.
Strong long-term development potential.
Gentrifying Wickham Harbour foreshore precinct anchored by the Newcastle Rail and Bus Interchange projects worth a combined $270 million**.
Rapid forecast local population growth of 72% by 2041***.
Estimated net rent: $252,866 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**Laing O’Rourke and HCCDC https://www.hccdc.nsw.gov.au/bus-interchange
***forecast.id
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. 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
2,997 SQM
Building Area
315 SQM

Contact Agents

Billy Holderhead

0422 817 696

Contact Me

Jamie Perlinger

0413 860 315

Kieran Bourke

0417 418 007

Simon Staddon

0413 640 851

Zomart He

0488 220 830

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