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Blue-Chip Canberra 7-Eleven Freehold Investment

76 Gartside Street, Wanniassa ACT

Property Highlights

Brand new 12 year lease to 7-Eleven
Irreplaceable 3,378 sqm corner site
Gateway to Woolworths & McDonald's

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.
Large, irreplaceable 3,378 sqm* site with combined, triple-street frontage of over 130 metres*.
Landmark site at one of the most important roundabouts in southern Canberra and the Erindale/Wanniassa town centre.
High-volume convenience retail location surrounded by McDonald’s, Erindale Vikings Club (8,000 athletes and players across 41 different sports and activities in 51 affiliated clubs), Erindale Bus Station, Erindale Shopping Centre (anchored by Woolworths with 382 car spaces, recently sold for $39 million**), Erindale Leisure Centre, Erindale Healthcare, Erindale Business Park, Saint Mary Mackillop College and Trinity Christian School all within 1.25 km.
Estimated net rent: $298,080 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**commo.com.au
*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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
3,378 SQM
Building Area
738 SQM

Contact Agents

Billy Holderhead

0422 817 696

Contact Me

Jamie Perlinger

0413 860 315

Zomart He

0488 220 830

Guy Randell

0430 272 999

Steve Burke

0428 434 464

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