Bairnsdale, VIC 3875

This property is not currently for sale or rent on https://kingheath.com.au
1,110m² Land
1m² Floor Area
Property Type: Retail

15 YEAR TRIPLE NET LEASE TO VIVA ENERGY - ADJOINING NEW DAN MURPHYS

• Tenant pays Multiple Holding Land Tax
• Viva Energy, $4.6 bn ASX200 company
• Potential 50% stamp duty savings
+ Fifteen (15) year lease to August 2031 plus seven (7) further ten (10) year options through to 2101.
+ Rare triple net lease, tenant responsible for all outgoings including rates, multiple holding land tax, insurance, structural maintenance and repairs (including fuel tanks).
+ Viva Energy Limited (ASX: VEA): Blue-chip $4.6 billion ASX200 company & Shell's Australian licensee with FY22 net profit up 211%.**
+ Viva Energy's completed acquisition of Coles Express, in addition to the recently announced acquisition of the South Australia-based OTR group, will transform Viva Energy into Australia's leading convenience and mobility retailer with over 1,500 retail sites nationwide.**
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ Favourable Commercial 1 Zoning (C1Z), with strong future development potential (STCA).
+ High-profile freehold corner site with direct frontage to Main Street (Princes Highway), the major Bairnsdale arterial road servicing over 22,000 vehicles daily.***
+ Prime CBD location, adjoining brand-new Dan Murphy's and within 800m* of Coles, Woolworths, ALDI, Kmart, Spotlight, Harvey Norman, Autobarn, Bridgestone, Supercheap Auto, McDonald's and KFC.
+ 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 34% in the last 24 months**** with the population forecast to grow 24% by 2041. *****
+ Potential 50% stamp duty savings.
+ Estimated Net Rent: $274,590 pa* + GST

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 2 August 2023
Crown Casino, Melbourne
*Approximately
**Viva Energy
***GapMaps
****Realestate.com.au
*****Forecast.id

Property Features:

  • Close to Schools
  • Close to Shops
  • Close to Transport

Suburb Profile

Bairnsdale

Bairnsdale VIC 3875