Long Term, Triple Net Lease to Viva Energy Australia

113 Cartwright Street (corner Bruce Highway), Ingham QLD

Property Highlights

Rare Triple Net Leases to Viva Energy
Adjoins McDonalds Restaurant
Annual compounding 3% rent increases

Description

Secure 10 year triple net lease to 2026 plus seven further 10 year options to 2096.
Viva Energy Group Limited (ASX: VEA), a blue-chip $2.9 billion ASX-listed company and Shell’s Australian licensee with 1,292 retail fuel sites across Australia**.
Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurances and land tax.
Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 1,541 sqm* site on Bruce Highway corner with 81 metres combined street frontage, adjoining McDonald’s restaurant and drive-thru.
Gateway to Ingham’s main shopping precinct with over 12,000 vehicles passing daily***.
Strategic convenience retail location with Woolworths, KFC, Toyota, Harvey Norman, Mitre 10, Domino’s, Goodyear and Ingham Train Station all within 300 metres.
Ingham: Capital of Hinchinbrook Shire, 100km north of Townsville and the heart of Queensland’s sugar cane region.
Strategic essential service investment.
Rent $156,100 pa*

To be sold by Investment Portfolio Auction:
11am AEDT
Tuesday 8 December
Yallamundi Rooms
Sydney Opera House

2 other Viva Energy/Shell freehold investments also available.
Contact sales team or visit burgessrawson.com.au/lp/vivaportfolio for more information.

**Viva Energy
***Gap maps
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
1,541 SQM
Building Area
224 SQM

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