Freestanding Petbarn Investment – Renewed Lease to Longstanding National Tenant

Lot 1, 104 Worrigee Street , Nowra NSW

Property Highlights

Rare Freestanding Petbarn Investment
Substantial 2,540sqm* Landholding
Net Income: $155,250 pa* + GST
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Description

Burgess Rawson is pleased to offer to the market Petbarn Nowra NSW for sale via our Investment Auction Portfolio 167.

The property has the following key investment highlights:

+ Renewed lease to longstanding tenant to 2030 plus options to 2045
+ Petbarn: national network of 140+ locations, owned by Greencross Vets, subsidiary or NASDAQ listed TPG Capital, Australian Super and Ontario Pension Plan
+ Lease guaranteed by Greencross Limited, Australia’s largest vet services business with over 160 clinics
+ Attractive CPI annual rent reviews
+ Substantial 2,540sqm corner landholding improved by a 651sqm* building with ample on-site parking
+ Commanding position next to Officeworks, 7-Eleven, Carls Jr., Guzman y Gomez, McDonald’s, Autobarn and across from Nowra Plaza Shopping Centre
+ Nowra: Booming South Coast location with a Shoalhaven region population of 142,936+ expected to surge 30% by 2051
+ Net Income: $155,250 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: www.portfolioauctions.com.au

Please contact the exclusively appointed sales team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
2,540 SQM
Building Area
651 SQM

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