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SOLD - CONTACT AGENT

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)
 

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