High Profile Freehold Investment – Attractive 8.5% Net Yield Anticipated
Description
Burgess Rawson is pleased to offer to the market 68-72 Bathurst Road, Orange NSW for sale via our Investment Auction Portfolio 170.
This investment has the following key investment highlights:
+ Long 10-year lease to 2034 plus options through to 2044.
+ Well positioned site with impressive fuel and convenience retail fit out.
+ Tenant pays all outgoings including Land Tax and structural repairs as per the lease.
+ Attractive 3.5% annual rent increases ensuring long term sustainable income growth.
+ Leased to experienced operators, with security deposit and corporate guarantees.
+ Strong trading freehold investment, comprising convenience store, mechanics workshop & fast food restaurant
+ Substantial 1,578sqm* main road site strategically located on the Mitchell Highway, in close proximity to McDonald’s, KFC, Red Rooster & Taco Bell
+ Orange: Located in the Central West Region which has a diverse economy, and a population set to increase to 325,000 individuals by 2041^
+ Branded as Metro Petroleum: Over 300 stores in Australia, with revenue in excess of $14.5b^^
+ Net Income: $252,455 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information
*Approx.
^ profile.id
^^ metropetroleum.com.au
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Orange, NSW
68-72 Bathurst Road
- Sold Price: Contact Agent
This property was sold as part of Portfolio 170
Contact agents
-
Kieran Bourke Partner
0417 418 007 -
Rhys Parker Partner
0451 101 042 -
Luke Easton Cadet
0472 546 001