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
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