Viva Energy, 181-187 Pascoe Vale Road, Moonee Ponds, Vic 3039

Burgess Rawson is pleased to offer to the market, OTR convenience retail at 181-187 Pascoe Vale Road, Moonee Ponds VIC for sale via National Portfolio Auction 176.

The property has the following key investment highlights:

+ New Seventeen (17) year lease from March 2024 to March 2041 plus Seven (7) further Five (5) year options to 2076.
+ 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): Blue-chip 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)
+ Position perfect 1,532 sqm* corner freehold site with 77 metres” frontage and exposure to major intersection with 29,400 vehicles passing daily*. (3)
+ OTR location trades 24/7 with their supermarket range plus premium automatic carwash service ‘HappyWash’.
+ Moonee Ponds: Affluent inner North-West metropolitan Melbourne suburb located 7km* from the CBD with a median value of $1,500,000. (4)
+ Constructed in 2024 providing significant tax savings depreciation.
+ Net Income: $481,734 pa* + GST

To be sold via National Investment Portfolio Auction 176
10:30AM AEST Wednesday 14 May 2025
Garden Room, Crown Casino, Melbourne

Raoul Holderhead
0413 860 304
[email protected]
 
Jamie Perlinger
0413 860 315
[email protected]
 
David Napoleone
0417 308 067
[email protected]

* Approx
1. Viva Energy
2. OTR/Viva
3. GapMaps
4. Realestate.com.au