Prominent Corner Site Leased to Market-Leading Essential Service Retailer

473 Maroondah Highway, Lilydale VIC

Property Highlights

Brand new 12-year lease to 2033
Forecast 71% population growth
Annual 2.5% rent increases
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Description

+ Brand new net 12 year lease to 2033 plus options to 2063.
+ United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 450 sites nationally.*
+ Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+ Strong and certain rental growth with annual, fixed, compounding 2.5% increases.
+ Strategically positioned on Maroondah Hwy, an important main arterial road servicing an average of 25,000+ vehicles per day.**
+ High profile 2,039sqm corner site with 146m dual street frontage
+ Precinct set to benefit from the new $496 million Level Crossing Removal and a construction and re-design of Lilydale Station.***
+ Multiple medium-high density housing projects within Lilydale include the $2 billion residential & mixed-use Cave Hill Quarry Urban Renewal project housing 8,000 future residents.****
+ Surrounded by important social infrastructure, including 10 schools within 3km servicing a combined 5,393 full-time students.**
+ Lilydale’s population is forecast to grow 71.37% from 18,055 to 30,941 by 2041.*****
+ Minimum management, essential service investment.
+ Net Rent: $218,650 pa

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

*United Petroleum
**Gapmaps
***Yarra Ranges Council Website
****Domain
*****forecast.id

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
2,039 SQM
Building Area
1 SQM

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