Burgess Rawson is pleased to offer to the market this high yielding Shell service station at 98 Kurrajong Avenue, Leeton (Riverina Region) NSW for sale via our Investment Auction Portfolio 172.

This opportunity has the following key investment highlights:

+ Longstanding 20-year lease to 2034 plus options through to 2064
+ Viva Energy (ASX: VEA): ASX listed company with over 1,300 sites and market cap of $4.41 billion**
+ Attractive annual rent reviews, greater of fixed 3.5% or CPI, providing strong long term rental growth
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax as per lease
+ Substantial 1,000 sqm* freehold site boasting dual street frontage to Coolibah Street & Kurrajong Avenue
+ Modern fibreglass infrastructure with tenant responsible for repairs and maintenance as per lease
+ Recent tenant investment with installation of brand-new ducted air conditioning
+ Strategic location between Wagga and Griffith
+ Riverina Region: home to the New South Wales largest inland city and supporting a population over 170,000^
+ Leeton Shire has a thriving economy and is one of the most productive farming regions in NSW
+ Net Income: $221,622 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 29 October 2024
Yallamundi Rooms, Sydney Opera House

*Approx.
**ASX: As of 01/10/2024
^rdariverina.org.au