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Strategic Central Coast Service Station Investment

359 Pacific Highway , Wyong NSW

Property Highlights

Brand new 15 year lease
Rare triple net lease
Fixed 3.5% annual increases

Description

Brand new 15 year lease to 2031 plus options to 2051
United Petroleum: The largest independent fuel retailer in Australia
Rare triple net lease terms with the tenant responsible for all usual outgoings, structural works, underground repairs and remediation
Guaranteed rental growth with attractive 3.5% increases annually
Significant landholding of 4,285 sqm with 60 metre frontage to Pacific Hwy
Modern convenience store with large canopy, three double bowser islands plus single island dual high flow diesel pumps
Wyong: Northern suburb of the burgeoning Central Coast with population of 334,857 (2016) forecast to grow to 409,450 by 2036
Rent: $260,000 pa

Auction 11am AEST Tuesday 16 May 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

This property is offered as part of a Portfolio of 3 United Petrol Investments with the additional 2 in the following locations; To Be Sold Separately.

The Basin VIC, 1202-1204 Mountain Highway
Launceston TAS, 129 Invermay Road

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
4,285 SQM
Building Area
165 SQM

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