15 YEAR LEASE PLUS OPTIONS TO VIVA ENERGY | 60 METRES* OF SYDNEY ROAD FRONTAGE.

Overview

Description

POINT OF INTEREST:

If the brief is long-term income, this one arrives fully fuelled. Leased to Viva Energy Australia Pty Ltd trading as Liberty Coburg, 565–579 Sydney Road returns $339,488.04 p.a. from a 15-year lease running to 2039, with options to 2054 and fixed 3% annual rental increases giving the income story plenty of fuel for the long haul. Beneath it sits a substantial 1,858 sqm* Activity Centre-zoned landholding with approximately 60 m* of Sydney Road frontage, improved by a recently refurbished 150 sqm* convenience store, six pump islands, underground fuel infrastructure and customer parking. If that wasn’t lucrative enough, $2.2 Billion Pentridge Precinct is close, Bell Street is 300 m* away, Coburg railway station 500 m*, and the suburb’s main retail strip around 400 m*, while Central Coburg’s next phase includes around 1,000 new homes, further retail and office space and a $60 million library and piazza. Put simply: this investment has gas in the tank and decades on the clock.

- Long-term lease to Viva Energy Australia Pty Ltd trading as Liberty Coburg.
- $339,488.04 excluding GST in annual leasing income.
- 15-year lease from 14th May 2024 to 13th May 2039 with options to 2054.
- Annual fixed 3% rental increases with the next review on 14th May 2027.
- Prominent 1,858 sqm* Sydney Road landholding with a 150 sqm* total building area.
- 60 m* of Sydney Road frontage.
- Activity Centre Zone — Schedule 1.
- Fully fitted and established service station with existing fuel infrastructure and retail improvements.
- Underground fuel, a canopy with over six pump islands, and a convenience retail store.
- 300 m* to Bell Street.
- 500 m* to Coburg Railway Station.
- 3.2 km* to the Citylink.

POINT OF VIEW:

The rent is rising, the tenant is established, and the landholding isn’t getting any smaller. Invest in a $3.6 + billion-dollar tenant and a location that’ll be on track to value the same in time.


*Approx.
Pricing excludes GST