High Yielding Convenience Retail Investment – Recent 5 Year Lease to 2028 + Options

Description

Burgess Rawson is pleased to offer to the market 12 Randall Drive, Salamander Bay (Port Stephens) NSW for sale via Private Treaty

This investment has the following key investment highlights:

+ Recent 5 year DIB Group head lease to 2028 + options to 2038
+ Newly upgraded service station with impressive fuel and convenience retail fit-out
+ Substantial 570sqm* corner freehold site within Salamander Bay’s popular retail precinct
+ Strategically located 56km from Newcastle CBD and 211km from Sydney
+ Metro Petroleum: Over 300 stores in Australia, with revenue in excess of $14.5b^
+ Nelson Bay: One of NSW’s premier tourist locations, forming an integral part of the Hunter Region
+ Port Stephens: tourism hotspot generating $405.5m annually^^ and attracting visitors from Sydney and Newcastle
+ Attractive annual CPI rental increases
+ Net Income: $148,732 pa* + GST

For Sale via Private Treaty

Price on Application

Please contact the exclusively appointed sales team for more information

^ metropetroleum.com.au
^^ issuu.com/portstephenscouncil

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Contact agents
Kieran Bourke Partner
0417 418 007
Rhys Parker Partner
0451 101 042
Luke Easton Cadet
0472 546 001
Enquiry Form

Salamander Bay, NSW

12 Randall Drive

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 169

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