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Burwood Highway 7-Eleven Freehold Investment

1441 Burwood Highway, Upwey VIC

Property Highlights

Brand new 12 year lease to 7-Eleven
Key gateway corner site
83m frontage, easy vehicular access

Description

Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australia’s #1 convenience retailer with over 700 stores and approximately 38% market share.
Key 1,585 sqm* corner site on the Burwood Highway, a major east-west arterial of Melbourne.
83 metre frontage at a prominent intersection in the suburb with 19,000 vehicles passing daily**.
Surrounded by Upwey-Belgrave RSL, Preschool and Children’s Centre, Upwey Train Station and Upwey High School.
Upwey is a popular gateway to the Dandenong Ranges, 32 km from Melbourne.
Estimated net rent: $193,979 pa*.

To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at Crown Casino from 1:00pm AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.

**VicRoads
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. 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
1,585 SQM
Building Area
485 SQM

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