Metro Melbourne Convenience Retail Investment – 15 Year Lease to ASX-Listed Giant

Burgess Rawson is pleased to offer to the market, Viva Energy at 213A Sunshine Road, Tottenham (West Footscray) for sale via our Auction Investment Portfolio 158.

The property has the following investment highlights:
+ Secure 15-year net lease to 2035 plus options to 2070.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $4.26 billion ASX-listed company with Shell’s Australian licensee with over 1,300 retail fuel sites across Australia.**
+ Strong and guaranteed rental growth with fixed annual, compounding 3% increases.
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings
+ Prominent 2,141 sqm* corner site with a combined 99 metres* of street frontage and exposure to over 26,000 vehicles per day.***
+ Newly completed purpose-built facility in 2020 offering significant depreciation benefits.
+ Favourable Industrial 1 Zoning (IN1Z) with substantial development upside (STCA).
+ Less than 750m* from the ISPT-owned Central West Shopping Centre, a double supermarket and DDS shopping centre anchored by Coles and ALDI, complemented by over 55 specialty stores and 800 car parking spaces.****
+ Located 2.5km* from Vicinity-owned Sunshine Marketplace, a single supermarket and DDS shopping centre anchored by Woolworths and Big W, complemented by over 50 specialty stores.*****
+ Surrounded by important social infrastructure, including Western Private Hospital, Tottenham Station and 24 schools within 3km servicing over 6,600 full time students. ***
+ One of Australia’s most important industrial hubs, the City of Maribyrnong generates $12 billion in annual economic output with an estimated 44,196 jobs in the area.******
+ Tottenham: 9km* from the Melbourne CBD, with population forecast to grow 85.9% by 2051.*******
+ Minimum management, essential service investment.
+ Net Income: $377,669 pa* + GST.

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 22 February 2023
Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approximately
** Viva Energy
*** GapMaps
**** ISPT
*****Vicinity
******Remplan
*******Forecast.id