Under Instruction from Receivers | Strategic Convenience Retail Investment | As New 15 Year Lease

Burgess Rawson is pleased to offer to the market, 9 Norton Promenade Dalyellup (Bunbury) WA for sale via our Burgess Rawson Auction Investment Portfolio 159.

+ Under Instruction from Receivers.
+ As new 15 year net lease to 2036 plus three further 5 year options to 2051.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $4.39 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 sales volume up 28% since June 2020**.
+ Brand new construction offering significant depreciation benefits.
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Prominent 3,276sqm site on a major Dalyellup arterial road servicing an average of 9,000+ vehicles per day.***
+ Surrounded by important social infrastructure, including 5 schools within 1.5km servicing a combined 2,741 full time students.***
+ Strategically located next to the Dalyellup Shopping Centre, a single supermarket and DDS shopping centre anchored by Woolworths and Red Dot – 14+ specialty retailers and 345 parking bays servicing a trade catchment population of 19,000+.
+ Less than 250 metres from various high-profile tenants including McDonald’s, Hungry Jack’s, Domino’s, BWS and Plus Fitness 24/7.
+ Geographical significance of the area evident through ongoing government and publicly funded development projects – a joint venture between Satterley + Property Group and Department of Communities will facilitate the development of Dalyellup Beach Estate, a master planned Satterley community aiming to house an additional 7,500 people within the community.****
+ Dalyellup: Southern suburb of Greater Bunbury, 180km south of Perth, with a trade catchment circa 80,000.
+ Strategic essential service investment.
+ Net Income: $318,158 pa + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, River Rooms, Melbourne

**Viva Energy
***Gap maps
****Satterley

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.