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2-4 Peterborough Avenue Lake Illawarra, NSW 2528

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2-4 Peterborough Avenue Lake Illawarra, NSW 2528

Shop & Retail • Offices
Sold Price

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Land area

1750.0m²

Floor area

1.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

21 Feb 2018

15 Year Lease + Options to 2040 Built New 2015 – Excellent 4% Annual Rent Increases

15 year lease from December 2015 plus options

Highly visible prime corner south coast position – one hour south of Sydney

Site area of 1,750 sqm with wide 94 metre street frontage (incl. 52 metres to highway)

Impressive state-of-the-art 7-Eleven including fuel & convenience store

Strategic location at centre of sprawling Wollongong & Shellharbour urban areas (combined population 281,712)

250 metres from Warilla Grove Shopping Centre

As new improvements attracting major depreciation benefits

Superior net lease with tenant paying all usual outgoings, excluding land tax

4% pa rent increases escalating to $550,000 pa + GST in 2030

Net Income: $328,508 pa + GST (as at Dec. 2017)

Property ID: 502687174Last Updated: 10 Sep 2018

Agency contacts

Burgess Rawson - Sydney

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Send to:

Darren Beehag
Burgess Rawson - Sydney
2-4 Peterborough Avenue Lake Illawarra, NSW 2528

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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