SOLD

Brand new 20 year lease to 2036 plus options to 2056
United Petroleum: The largest independent fuel retailer in Australia.
Rare triple net lease terms with the tenant responsible for all usual outgoings, structural works, underground repairs and remediation.
Guaranteed rental growth with 3.5% increases annually.
Improvements comprise 240 sqm convenience store, attached canopy, 3 manual car wash bays plus an automatic car wash.
Strong landholding of 2,910 sqm with 70m frontage.
Excellent location with access to Monash Freeway and South Gippsland Highway.
Narre Warren: booming commercial and residential suburb within south-eastern growth corridor – 38km from Melbourne CBD.
Rent: $260,000 pa.

Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne

This property is offered as part of a Portfolio of 7 United Petrol Investments with the additional 6 in the following locations;
To Be Sold Separately.

North Richmond (Sydney) NSW
Rydalmere (Sydney) NSW
Maitland (Newcastle) NSW
Cranbourne (Melbourne) VIC
Newnham (Launceston) TAS
Hobart North TAS