Brand New Metro Melbourne 7-Eleven Investment

10 Hampstead Road, Maidstone VIC

Property Highlights

New 12 Year Net Lease To 2032
Fixed 3% Annual Rent Increases
Significant Depreciation Benefits
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Description

+ Brand new 12 year lease plus options to 2052.
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and 38% market share.
+ Attractive net lease with annual, fixed compounding 3% rent increases.
+ Full tax depreciation benefits with up to 74% of first year rent potentially free of income tax*
+ Landlord-favourable net lease terms with 7-Eleven paying rates, building and public liability insurances.
+ Freestanding investment part of a major retail convenience development including drive-thru Starbucks restaurant, car wash, retail and showrooms.
+ High exposure site with 19,000+ vehicles passing daily.
+ Strategic location minutes from Highpoint Shopping Centre and Large Format Retail Precinct supported by Bunnings Warehouse, Harvey Norman, Spotlight, Officeworks, Good Guys and JB Hi-Fi.
+ Key landholding within precinct earmarked by Council for transition to mixed use developments#
+ Maribyrnong City: 8 kilometres west of Melbourne CBD, projecting a massive 72% population growth to 156,794 by 2041#
+ Secure Essential Service investment.
+ Estimated Net Rent: $323,325 pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December

*Napier & Blakeley
# Maribyrnong City Council

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
1,607 SQM
Building Area
192 SQM

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