Bell Street Corner 7-Eleven Freehold Investment
475-477 Bell Street , Pascoe Vale South VIC
Property Highlights
Description
Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australia’s #1 convenience retailer with over 700 stores and approximately 38% market share.
Established inner northern suburb, 8 km* from Melbourne CBD and 11 km* from Melbourne Airport.
Prominent site with 85 metre* frontage to traffic light-controlled intersection, including 48 metre exposure to Bell Street.
Bell Street is one of the most important arterials in Melbourne’s north with over 43,000 vehicles passing daily**.
Strategically located within close proximity to the Tullamarine Freeway (750 metres west*).
Significant future redevelopment potential with Residential Growth zoning allowing multi-level residential development***.
Opposite large site approved for 5-level development including 131 dwellings and 225 car spaces****.
Outstanding access provided by four 2-way crossovers.
Located in the City of Moreland forecast 33% population growth by 2036*****.
Estimated net rent: $219,733 pa*.
To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino from 1:00pm AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**VicRoads
***Moreland City Council
****Urban.com.au
*****forecast.id
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. 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