Blue-Chip Adelaide Investment – 15 Year Net Lease to Viva Energy Australia

734 Marion Road , Marion SA

Property Highlights

Secure 15-year lease to 2031
Stamp duty free investment
Annual 3.5% rent increases
Register to Bid

Description

+ Secure 15-year lease to 2031 plus options to 2051.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $3.7 billion ASX-listed company and Shell’s Australian licensee with over 1,300 retail fuel sites across Australia.**
+ Viva Energy controls 24% of Australia’s retail fuel market, with retail fuel volume up 23% in the first half of 2021.***
+ Strong and certain rental growth with annual fixed, compounding 3.5% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates and insurance.
+ Prominent 2,862 sqm* retail site with extensive 54 metre* frontage to Marion Road, a main arterial road servicing over 48,900 vehicles daily.****
+Strategic metro growth location just 9km* from the Adelaide CBD.
+ Positioned directly opposite the award-winning Marion Hotel – recently underwent a $20 million major redevelopment, adding 62 motel rooms, a new bottle shop, a beer garden, and new function and dining rooms.*****
+ Situated within close proximity to various high-profile national tenants, with Harvey Norman, The Good Guys, Officeworks, BCF, Snooze and Barbeques Galore all within 1km*.
+ Located 1.5km* from Westfield Marion, the largest shopping centre in South Australia home to Big W, Kmart, Target, Coles, Woolworths, ALDI, Dan Murphy’s and Bunnings Warehouse – services 11,500,000 customers annually.******
+ Surrounded by important social infrastructure, including the $120 million Flinders University and 16 schools within 3km* servicing over 8,500 students.****
+ The City of Marion generates $7 billion in annual economic output, representing 24% of Southern Adelaide’s economic output.*******
+ Minimum management, essential service investment.
+ Net Income: $315,686 pa*

For Sale by Private Treaty

RLA 312692 & RLA 318679

*Approximately
** Viva Energy Australia
*** Libertyoil.com.au
**** GapMaps
***** Marion Hotel
****** Scentre Group
******* Remplan

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
2,862 SQM
Building Area
1 SQM

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