Appealing Service Station Investment
214 Wollombi Road , Cessnock NSW
Property Highlights
15 year lease to June 2031 plus options
Fixed high growth 4% pa rent increases
Highly exposed 1,575 sqm site
Description
+ 7-Eleven is Australia’s #1 convenience retailer with 700+ stores nationwide
+ Built in 2016 and has fibreglass tanks and the latest fuel monitoring systems
+ Attractive depreciation benefits available
+ Vibrant main road gateway to the Hunter Valley wineries
+ 53 metres of main road frontage for maximum exposure
+ Cessnock has a population of 76,641 and is forecast to grow by 72% to 2041 which makes it the third fastest growing regional town in NSW
+ Tenant pays outgoings excluding land tax, as per lease
+ Net Income $385,922 pa + GST rising to $544,006 in 2031
For Sale by Auction
10.30am (AEST) Tuesday 2 August 2022
Yallamundi Rooms, Sydney Opera House
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
1,575 SQM
Building Area
226 SQM