322 Main Street, Bairnsdale

1,274m² Land
1m² Floor Area
Price Undisclosed
Sold on 21st February 2023
Property Type: Retail

NEW 6 YEAR LEASED TO EG GROUP - HIGH PROFILE CBD LOCATION

• New 6-year net lease to 2028
• Annual CPI reviews
• Potential 50% stamp duty savings
Burgess Rawson and King & Heath are pleased to offer to the market, EG Fuel at 322 Main Street, Bairnsdale for sale via our Auction Investment Portfolio 158.

The property has the following investment highlights:
+ Secure 6-year net lease to December 2028 plus options to 2040.
+ EG Group: Multinational fuel and convenience retailer with $32.4 billion annual revenue & 6,000+ locations globally. **
+ Strong and certain annual CPI reviews (capped at 4%).
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings.
+ Prominent corner site with a combined 71 metres* of street frontage and exposure to Main Street, a major arterial road with 22,000+ vehicles passing daily.***
+ Strategically positioned less than 800 metres from Coles, Woolworths, ALDI, Kmart, McDonald’s, Spotlight, Hungry Jacks, KFC, BCF and a soon to be completed Dan Murphy’s.
+ Surrounded by important social infrastructure, including Bairnsdale Regional Health Services, Bairnsdale Station and 8 schools within 3km servicing over 3,500 full time students. ***
+ Bairnsdale: the commercial centre for the East Gippsland region and gateway to the Gippsland Lakes, Snowy River National Park, and Mount Hotham Snow Fields.
+ Bairnsdale: median house price growth of 25% in the last 12 months with the population forecast to grow 22.5% by 2041. ****
+ Minimum management, essential service investment.
+ Potential 50% stamp duty savings.
+ Net Income: $147,820 pa* + GST

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 22 February 2023
Crown Casino, Melbourne

*Approximately
** EG Group
*** Gap Maps
**** Realestate.com