Global & National Tenants - Strategic Convenience Retail & Distribution Centre
Kooragang Service Centre - 130 Cormorant Rd, Kooragang NSW 2304
PROPERTY HIGHLIGHTS
-
ASX and NYSE Listed Anchor Tenants
-
Significant 21,000sqm corner landholding
-
Net Income $769,736 + GST
DESCRIPTION
-
ASX and NYSE Listed Anchor Tenants
-
Significant 21,000sqm corner landholding
-
Net Income $769,736 + GST
An exceptional investment offering featuring the following key characteristics:
Prized Convenience Retail, Fast Food & Distribution Centre with 86% of income underpinned by global and national tenant covenants:
-
Viva Energy Australia Pty Ltd - Wholly owned subsidiary of ASX listed Viva Energy Group Ltd (ASX:VEA) with market capitalisation of $3.90 billion. Local network of over 1,250 locations across Australia
-
Elgas Ltd - Wholly owned subsidiary of Fortune 500 Linde PLC, the world’s largest industrial gas company by market share/revenue. Listed entity on German & New York Stock Exchange with market cap of over $148 billion
-
KFC - Iconic fast food brand serving 2 million customers weekly across 640 outlets nationally
-
Barrington Bakery - Award winning, third generation bakers with 6 sites across New South Wales
-
BayWash - 24 hour fully automated car wash facilities
Highlights Include:
-
Newly purpose-built distribution facility, service station (with diesel truck stop) & convenience centre with KFC drive thru and automated/manual car wash facility, offering significant depreciation benefits
-
Strategic 21,000 sqm corner site with direct access to Cormorant Road
-
Surplus land for future development upside (STCA)
-
Viva Energy rental paid annually in advance
-
Fixed 3% and CPI annual rent increases
-
Net Income $769,736 + GST
Sold - Contact Agents
For further information and please contact the exclusive selling agents:
* (approximate)