As New Convenience Retail Investment with Development Upside

Corner Ranford Road & Terrier Place, Southern River WA

Property Highlights

Blue-Chip Tenant
Significant Depreciation Benefits
Development Upside
Register to Bid

Description

+ Long Term 15 year lease to United Petroleum to 2034 plus options to 2049
+ Important, compounding fixed 3% annual rental increases
+ Leased to United Petroleum, one of Australia’s leading and fastest growing fuel & convenience retailer with 450 + sites across Australia
+ Substantial 3,982sqm* corner site with 82m exposure to Ranford Road, with 30,000 vehicles passing daily
+ Significant development upside with an exceptional 800sqm* of undeveloped land suitable for a number complementary uses
+ High profile location with close proximity to Bunnings, McDonalds, Coles, Livingston Marketplace and Forrestdale Industrial Business Park
+ Ranford Road: a major transport arterial connecting Southern River with the Tonkin Highway linking the Perth International Airport and CBD
+ City of Gosnells: One of Perth’s booming residential suburbs with a population set to increase 25% to 170,000+ by 2036**
+ Blue chip, essential service investment
+ Tenant pays all usual outgoings as per Lease
+ Net Income: $315,462.15 pa* + GST

To be sold by Burgess Rawson Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Forecast Id**

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
3,982 SQM
Building Area
220 SQM

Contact Me