New 16 Year Triple Net Lease to ASX Retail Giant VIVA Energy

Description

Burgess Rawson are pleased to offer to the market 287 Kensington Road, Marryatville (Kensington Park) SA for sale via Auction Investment Portfolio 172.

+ Brand new 16 year lease to 2040 plus options through to 2075
+ Guaranteed rental growth with annual fixed 3.5% rent increases
+ Tenant pays ‘multiple holding’ land tax
+ Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance
+Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally (1)
+ OTR: leading convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR’s including Hungry Jack’s, GyG, Subway & Oporto (2)
+ Major 4,245sqm*main road site with 68 metre* frontage
+ Significant 365sqm* convenience retail includes Subway plus Automatic and manual wash bays
+ Significant taxation saving depreciation
+ Strategic home-bound position with 52,200* vehicles passing daily (3)
+ Darlington: 10km* to Adelaide CBD, catchment population to grow to 220,000 by 2041
+ Located 3.5km from Westfield Marion, a triple supermarket shopping centre anchored by Coles, Woolworths, ALDI, Big W, Bunnings, Target, Dan Murphy’s, KFC, Testra and complimented by over 220 specialty retailers and 725 car parking spaces.
+ Close to Flinders Private Hospital, Flinders University (circa 26,000 students) and Tonsley TAFE campus.
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
+ Stamp duty free investment
+ Rent: $330,996 pa* + GST

For Sale by Portfolio Auction Investment 172
10:30am AEDT Wednesday 30 October 2024
River Room – Crown Casino, Melbourne

Contact the exclusively appointed agent for more information.

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Raoul Holderhead 0413 860 304
Jamie Perlinger 0413 860 315

Leedwell Property Pty Ltd | RLA 222531
Mitch Curnow 415 494 056

* Approx
1. Viva Energy
2. OTR/Viva
3. Gapmaps
4. Commsec State of States Report

Enquire

Contact agents
Raoul Holderhead Partner
0413 860 304
Jamie Perlinger Head of Agency | Partner
0413 860 315
Enquiry Form

Darlington, SA

1487 South Road

For Sale by Portfolio Auction
Wednesday 30th October 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 172

Price: Contact Agent

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