Premium IGA plus Liquor Centre Built New in 2019

195 Gorman Drive , Googong NSW

Property Highlights

10 Year Lease to IGA
High Growth Suburb near Canberra
Rent Reviews up to 4% annually

Description

Burgess Rawson is pleased to offer to the market 195 Gorman Drive, Googong NSW for sale via Expressions of Interest.

The property has the following investment highlights:

+ 10 year lease to IGA to 2028 plus options to 2038
+ IGA: Over 1,400 stores throughout Australia
+ Attractive rent reviews up to 4% annually, providing consistent income growth
+ Built new in 2019, providing excellent tax depreciation benefits
+ Immaculately presented IGA including Liquor plus two established tenancy’s, being 100% leased
+ IGA on base rental, plus current ‘turnover rental upside’
+ Club Lime: ASX Listed Viva Leisure with over 370 locations worldwide
+ Well established hair salon, having commenced at this address in 2019
+ Abundant common car parking servicing the Googong North Village Centre, immediately adjacent to Cannons IGA
+ Googong: High growth satellite suburb of Canberra, with a population set to reach 18,500 by 2030^, currently at 9,000 people
+ Important essential service asset, with complimentary occupants including Domino’s,
Gorman & Co Hotel, Café, Childcare and Googong Public School and Googong Health Hub including dentist, doctors, pharmacy & vet
+ Net Income: $571,644 pa* + GST (as at 1 May 2024)

To be sold via Expressions of Interest closing 3pm AEDT Thursday 4 April 2024

Please contact the exclusively appointed sales team for more information.

*Approx
^googong.net

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Supermarket
Land Size
1,389 SQM
Building Area
1,640 SQM

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