Premium IGA plus Liquor Centre Built New in 2019

Burgess Rawson is pleased to offer to the market 195 Gorman Drive, Googong NSW for sale via Private Treaty.

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 Private Treaty.

Please contact the exclusively appointed sales team for more information.

*Approx
^googong.net