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Affordable Sydney Metro Petrol Investment

8/24 Lagonda Drive , Ingleburn NSW

Property Highlights

Renewed lease + options to 2031
Annual min. 3% rent increases
Affordable service station investment

Description

Indicative Yield – 7% net

Entry level Sydney metro service station investment
Renewed 5 year lease until July 2021 + options to 2031
Leased to Westside: now 50% owned by ASX listed Viva Energy (ASX announced 31/8/18)
VIVA Energy: the exclusive Shell licensee in Australia with a network of 1,000+ retail outlets
Strategic neighbourhood location with 33,796 residents living within a 10 minute drive from property
Tenant pays majority of outgoings, as per lease
Attractive minimum 3% annual rent increases assuring future growth
Net Income: $100,550 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
570 SQM
Building Area
570 SQM

Price

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