SOLD - 29 June 2017
Convenience - Retail - Fuel Retail
Floor area: 185 m²
Land Area: 1,662 m²
- New 15 year lease
- Net income of $323,000
- Prime highway positioning
OVERVIEW
A new 15-year lease to 7/11 includes 4 x 5-year options until 2052 with annual 3% rental increases.
Brand new improvements with lessee paying all usual outgoings including land tax
The investment is positioned close to Maddington Central, anchored by Coles, Woolworths & Kmart plus 80 specialty retailers.
LOCATION
The site has 43m of frontage along Albany Highway, positioned between the Roe and Tonkin Highway.
18km from Perth CBD, within City of Gosnells experiencing major population growths, forecast to reach 174,000 (35% growth) by 2036
