Stonebridge National Investment Sales is pleased to present to the market 148-158 Bridge Street, Muswellbrook for Immediate Sale via Offers to Purchase
The asset has the follow key investment features:
• 10 year triple net lease to 2027 + 7 x 10 year options to 2097
• Viva Energy Australia – ASX listed tenant providing one quarter of Australia’s fuel requirements^, market capitalisation of ~ $4.0 Bn1
• Convenience retail giant, Viva Energy network of 1,350+ service stations across Australia; including 700+ Shell Coles Express outlets^
• Favourable triple net lease structure, with tenant responsible for all outgoings including land tax and statutory charges
• Further provisions ensure tenant is responsible for all structural repairs, maintenance and replacement, including all fuel infrastructure
• Prominent 4,499 sqm corner site comprising two individual lots, providing 61m* frontage to Bridge Street, the major thoroughfare linked to the New England Highway
• Strategic position near national retailers Woolworths, Australia Post, Big W, Hungry Jack’s, Zambrero & Muswellbrook Hospital
• Muswellbrook – 175 km* from Sydney in the Upper Hunter Region of NSW, an area rich in mining, tourism and agriculture
• Fixed 3% annual rent increases
• Net Income $219,899 pa* + GST (as at August 2022)
*Approx. ^Viva Energy Australia 1ASX
For further information, please contact the Stonebridge team.
