213A Sunshine Road, Tottenham

Brand New Metro Melbourne Investment – 15 Year Lease

For Sale
Features
  • Property type:
    Retail/Shops/Shopping Ctrs/Service Stns, Investment Properties
  • Land Area: 2141 m²
Commercial Features
Highlight 1

Brand new 15 year lease

Highlight 2

Fixed 3% annual rent increases

Highlight 3

Net Income $355,000 pa + GST

OVERVIEW

Cushman & Wakefield and KBL Commercial are pleased to present to the market 213A Sunshine Road, Tottenham VIC 3012 to be sold via Offers to Purchase.

The property has the following key characteristics:

  • Easily managed single tenant investment
  • 15 year lease to 2035 + options to 2070
  • Significant depreciation benefits
  • Strategic inner city 2,141 sqm corner site with significant exposure to cars/heavy vehicles traffic
  • Tottenham – Inner city suburb located just 9 kms from the Melbourne CBD
  • Westside Petroleum (50% Owned by VIVA Energy) – National fuel operator with over 50 stores nationally.
  • Viva Energy Australia Pty Ltd –Wholly owned subsidiary of Viva Energy Group Ltd (ASX: VEA). Market capitalisation – $3.90 Billion. Over 1,250 locations across Australia
  • Purpose built facility with modern fibre glass tanks
  • Tenant pays all outgoings (excluding Land Tax)
  • Fixed 3% annual rent increases ensuring continued income growth
  • Net Income $355,000 pa + GST

 

ENQUIRE ABOUT THIS PROPERTY
Contact Agent
Max Braudé
M0414 575 550
Emax@kblcommercial.com.au