Search results for:
Any Listing Type
Any Location
SOLD - East Maitland - 15 Year Lease to 7-Eleven with Significant Deprecation Benefits
33-35 Melbourne Street East Maitland NSW 2323
Investments
Investment
Property No.
Key Property Highlights
| Land Area | 2722 sqm |
|---|---|
| Listing Status | Sold |
Cushman & Wakefield is pleased to present to the market 33-35 Melbourne Street, East Maitland for Sale via Offers to Purchase.
The property has the following key characteristics:
- 15 year lease to 2033 plus options to 2048
- Corporate lease to 7-Eleven Stores Pty Ltd - Australia’s third largest private company with a network of over 690 convenience stores
- Purpose built facility with modern fibre glass tanks
- Newly constructed premises completed in 2018 offering significant depreciation benefits
- Commanding 2,722 sqm high profile corner site positioned minutes to the New England Highway
- Easily managed single tenant investment
- Landlord friendly lease terms including tenant remediation clauses
- City of Maitland - Recognised as a key growth area with a growing population current in excess of 476,600 people
- Tenant pays all usual outgoings (as per the lease)
- Net Income $312,543 pa + GST
For more information please contact the exclusive property professionals at Cushman & Wakefield.