15 Year Triple Net Lease to Viva Energy | Adjoining New Dan Murphy’s

255 Main Street (Princes Highway) , Bairnsdale VIC

Property Highlights

Tenant pays Multiple Holding Land Tax
Viva Energy, $4.6 bn ASX200 company
Potential 50% stamp duty savings
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+ Fifteen (15) year lease to August 2031 plus seven (7) further ten (10) year options through to 2101.
+ Rare triple net lease, tenant responsible for all outgoings including rates, multiple holding land tax, insurance, structural maintenance and repairs (including fuel tanks).
+ Viva Energy Limited (ASX: VEA): Blue-chip $4.6 billion ASX200 company & Shell’s Australian licensee with FY22 net profit up 211%.**
+ Viva Energy’s completed acquisition of Coles Express, in addition to the recently announced acquisition of the South Australia-based OTR group, will transform Viva Energy into Australia’s leading convenience and mobility retailer with over 1,500 retail sites nationwide.**
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ Substantial depreciation benefits on offer, with $329,000 (120%*) of the current years rent potentially tax free!
+ Favourable Commercial 1 Zoning (C1Z), with strong future development potential (STCA).
+ High-profile freehold corner site with direct frontage to Main Street (Princes Highway), the major Bairnsdale arterial road servicing over 22,000 vehicles daily.***
+ Prime CBD location, adjoining brand-new Dan Murphy’s and within 800m* of Coles, Woolworths, ALDI, Kmart, Spotlight, Harvey Norman, Autobarn, Bridgestone, Supercheap Auto, McDonald’s and KFC.
+ Surrounded by important social infrastructure, including Bairnsdale Regional Health Services, Bairnsdale Station and 8 schools within 3km servicing over 3,500 full time students. ***
+ Bairnsdale: the commercial centre for the East Gippsland region and gateway to the Gippsland Lakes, Snowy River National Park, and Mount Hotham Snow Fields.
+ Bairnsdale: median house price growth of 34% in the last 24 months**** with the population forecast to grow 24% by 2041. *****
+ Potential 50% stamp duty savings.
+ Estimated Net Rent: $274,590 pa* + GST

To be sold via Expressions of Interest
Closing Thursday 17th August 2023
4:00pm AEST

**Viva Energy

Property Details

Current Tenant
Occupancy Type
Service Station
Land Size
1,110 SQM
Building Area

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