Affordable Freestanding Supermarket Investment – Newcastle Growth Corridor

Burgess Rawson is pleased to offer to the market this freestanding supermarket investment at 97 Northlakes Drive, Cameron Park NSW for sale via our Investment Portfolio Auction 165.

The property has the following investment highlights:

+ Rare affordable freestanding supermarket investment
+ IGA: Major supermarket brand owned by ASX listed Metcash with 1,400 + locations nationally**
+ Exceptional investment opportunity underpinned by an experienced franchisee
+ Attractive rent reviews, 3% or CPI whichever is greater – guaranteed rent growth
+ Desirable net lease – tenant pays all outgoings including rates, land tax, insurances, property management and repair & maintenance
+ Lease secured by six (6) month bank guarantee
+ As new, modern 735sqm* building including supermarket plus liquor
+ Substantial 2,000sqm* site with 27 convenient on site car spaces
+ Highly sought after essential service supermarket asset class
+ Lake Macquarie region set to grow by more than 38,000 residents to 252,791 by 2041^
+ Net Income: $303,801 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 5 December 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx.
**iga.com.au
^remplan.com.au