Entry level investment leased to Wesfarmers subsidiary.
2 shops totalling approx. 596sqm including drive through Liquorland and Aquarium.
8 year lease to Liquorland plus options (Liquorland's lease is concurrent to that of the Aquarium).
Liquorland is one of Australia's most recognised liquor retailers with 639 stores, a division of Coles and wholly owned subsidiary of Wesfarmers (ASX Top 10 company).
Annual CPI rental increases, collared at 1% and capped at 3%.
Prominent Central Coast Highway location.
Significant highly exposed landholding of 891sqm.
Burgeoning Central Coast location 75kms north of Sydney CBD.
Easily managed investment.
Net Income: $59,000 pa + GST (approx.).
For sale in Burgess Rawson Portfolio Auction 85 on:
Tuesday 10 December 2013 at 2:00pm AEDT
50 Margaret Street, Sydney
For more information on this property and other auction listings visit:
Simon Staddon 0413 640 851
Shaun Venables 0411 860 865
|Gross Building Area