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 convenience store, attached canopy.
Impressive site area of 1,970 sqm with dual access from South Gippsland Highway & Cameron Street.
Outstanding location on South Gippsland Highway, directly opposite Cranbourne racecourse and metres to Cranbourne CBD.
Cranbourne: Booming metropolitan location within City of Casey, Victoria's most populous council with a current population of 297,034 & forecast to grow to 492,497 (65%) by 2041.
Rent: $350,000 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
Narre Warren (Melbourne) VIC
Newnham (Launceston) TAS
Hobart North TAS