SOLD - Belmont North (Hunter Region) - Caltex

Cushman and Wakefield are pleased to present to the market 406 Pacific Highway, Belmont North for sale via Auction.

The property has the following key characteristics:

• 15 year lease to 2033 + options to 2053 
• Caltex Australia Petroleum Pty Ltd - A wholly owned subsidiary of Caltex Ltd, an ASX50 company with a market capitilisation of $8.28 Billion
• Strategic site on the major dual carriageway fronting the Pacific Highway. Exposed to over 37,000 vehicles daily
• Strong convenience retail location within close proximity to Belmont High School, Bunnings, Hungry Jacks and Zarraffa’s Coffee
• Belmont - Hunter Region location - 20 km’s south-west of Newcastle and adjacent to Lake Macquarie
• Favourable environmental provisions with ownership of the tanks and remediation responsibility of Caltex Ltd
• Tenant pays all usual outgoings (including Land Tax)
• Fixed 3% annual increases
• Net Income $130,000 pa + GST

*Approx.

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Tuesday 24th July at 10.30am at the Cushman & Wakefield Sydney office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.