Strategic Rockhampton CBD Convenience Retail Investment

Cnr 82-86 Fitzroy Street & Campbell Street, Rockhampton City QLD

Property Highlights

Rare Triple Net Lease to Viva Energy
Forecast 48% Population Growth
Annual compounding 3% rent increases
Register to Bid

Description

+ Secure 11 year triple net lease to 2027 plus seven further 10 year options to 2097.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $3.18 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 retail fuel volume up 23% in the first half of 2021**.
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Important 2,026sqm convenience retail site along Fitzroy Street, a major Rockhampton commuter road offering a 58 metre* frontage exposed to 16,000+ vehicles per day.***
+ Strategically located within the main retail and commercial precinct of Rockhampton, home to various high-profile national tenants – Officeworks, Reece Plumbing, Repco, McDonald’s, KFC, Carls Jnr, Red Rooster and Subway all within 300 metres.
+ Less than 500 metres from City Centre Plaza, a single-supermarket and DDS shopping centre anchored by Coles, Target and BWS along with 24+ specialty stores.
+ Within 800 metres of CQUniversity, home to over 30,000 students worldwide, of which 16,000 study on campus – ranked as one of the world’s best universities under 50 years of age.****
+ Located 1km from the Rockhampton Base Hospital, the largest major hospital in Central Queensland – offers a wide range of medical services to a population of approximately 230,000, spanning across the Rockhampton Regional Council.*****
+ Strategic essential service investment.
+ Net Rent: $254,636 pa

For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021

2 other Viva Energy freehold investments also available.
Contact sales team for more details.

**Viva Energy
***Gap maps
****CQUniversity
***** QLD Gov

*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.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
2,026 SQM
Building Area
1 SQM

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