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