7-Eleven Waverley Gardens Shopping Centre

Lot 25 Corner Police Road & Hansworth Street, Mulgrave VIC

Property Highlights

An Absolute Metro Melbourne Trophy
18 Year Net Lease to 2035 Plus Options
Tenant Refurbishment Before 2023
Register to Bid

Description

+ 18 year and 9 month lease to 2035 plus options to 2045
+ 7-Eleven is Australia’s #1 convenience retailer with over 700 stores and 38% market share
+ Landlord favourable, net lease terms, 7-Eleven paying all rates, building and public liability insurance (excluding single holding land tax)
+ Annual rent reviews
+ Tenant refurbishment by 2023
+ Prime position adjoining the Waverley Gardens Shopping Centre anchored by Woolworths, Coles, ALDI, Big W and Target attracting 6+ million visitors annually
+ Strategic 2,150 sqm* corner with combined 90 metre frontage
+ Commercial 1 Zoned
+ Important site only 350 metres to Monash Freeway on ramp
+ Proven fuel & convenience retail location with 21,800 vehicles passing daily on Police Road
+ Mulgrave: established residential suburb, 25 kilometres south east of Melbourne CBD
+ Melbourne’s south-east region is located in a growth corridor. The City of Monash population forecast for 2020 is 200,148, and is forecast to grow to 249,287 by 2041.
+ Net Income: $252,919 pa + GST

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
2,150 SQM
Building Area
226 SQM

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