289 Turton Road, New Lambton, NSW 2305

Burgess Rawson is pleased to offer to the market 7-Eleven New Lambton (Newcastle) located at 289 Turton Road, New Lambton NSW for sale via our Investment Auction Portfolio 172.

This opportunity has the following key investment highlights:

+ Renewed 10 year lease to 2034 plus options through to 2054
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC operating 46,000+ sites
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Tenant pays all usual outgoings as per the lease
+ Rare and highly exposed position next to McDonald Jones Stadium, largest sports stadium in Newcastle and a Newcastle icon with 350,000+ visitors in 2024
+ Strategic 2,017sqm* main road corner site with 84m* combined frontage to Turton Road and Young Road, two high traffic Lambton thoroughfares 
+ New Lambton: highly sought-after inner-city Newcastle suburb, 7km to Newcastle CBD with a greater population of 175,000+* people
+ 7-Eleven New Lambton benefits from the Broadmeadow Place Strategy introducing 20,000 new homes and 15,000 new jobs within a 2 km* radius 
+ Net Income: $381,000 pa* + GST

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

Please contact the exclusively appointed sales team for more information

*Approx