Burgess Rawson is pleased to offer to the market, OTR convenience retail at 1-5 Yato Road, Prestons NSW for sale via Expressions of Interest. The property has the following key investment highlights: + New Eighteen (18) year lease from March 2024 to March 2042 to Viva Energy. + Seven (7) further Five (5) year options to 2077. + Fixed, compounding 3.5% annual rent increases ensuring continued income growth. + Tenant pays ‘multiple holding’ land tax and management fees. + Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance, property management. + Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment). + Viva Energy (ASX: VEA): ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally. (1) + OTR: leading independent 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) + Strategic 8,541sqm corner freehold site with significant underlying land value. + Position perfect with easy direct access to the M7 interchange and central amongst distribution centres for some of Australia’s leading national retailers. + Brand new construction 2024, offering significant depreciation benefits. + Immaculate convenience retail plus important and proven truck canopy with easy B-double articulation. + Includes thriving fast food restaurant pad with sub lease to El Jannah. + Prestons – 39 klms west of Sydney CBD, is one of NSW most dynamic and unrivalled logistic hubs, being the meeting point of the M5, M7 and Hume Hwy junction, one of Australia’s busiest freight corridors carrying 160,000+ vehicles daily. (3) + Prestons – central to both the Sydney Airport and Western Sydney Airport (due to open 2026), plus direct easy access to major distribution hubs, Prestons plays a vital role in both long-haul transport plus local convenience. + Net Income: $2,008,034 pa* + GST To be sold via Expression of Interest closing 3pm AEST Wednesday 21 May 2025 Raoul Holderhead 0413 860 304 [email protected] Jamie Perlinger 0413 860 315 [email protected] Yosh Mendis 0434 413 188 [email protected] * Approx 1. Viva Energy 2. OTR/Viva 3. Gapmaps
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
รหัสอสังหาริมทรัพย์: 504836648
รหัสอสังหาริมทรัพย์เดิม: 504836648