Triple Net Lease Direct to Viva Energy Australia

233 High Street (corner Smith Street), Maitland NSW

Property Highlights

Rare Triple Net Leases to Viva Energy
Opposite new $10.5m sports complex
Tenant pays outgoings incl Land Tax

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.
Strategic 1,633 sqm* corner site on key arterial linking New England Highway and Maitland. Commercial Centre which includes Woolworths, Kmart, ALDI and Bunnings.
Directly opposite brand new $10.5 million dollar Maitland Regional Sports Complex including 400 metre synthetic track, spectator and amenities building and car parking.
Evolving precinct with house prices up 20% up since 2018**** and a brand new 3 level, 17-unit residential development recently completed 5-doors (50 metres) away.
Maitland City Council’s 85,166 population is set to grow by 31% to 111,829 by 2041**.
Part of the Hunter Valley, the largest regional economy in Australia with an estimated 322,000 jobs, outperforming Tasmania, the Northern Territory and the ACT in terms of economic output***.
Strategic essential service investment.
Rent $164,280 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.

**Remplan
***New South Wales Government
****realestate.com.au
*****Viva Energy
*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
1,633 SQM
Building Area
147 SQM

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