609-611 Argyle Street (Illawarra Highway),
Moss Vale, NSW 2577
Key property information
Map of 609-611 Argyle Street (Illawarra Highway)
Woolworths Petrol Station - 15 Year Ground Lease
- Rare 15 year ground lease
- Significant 3,991sqm land holding
- Net Income $75,065 pa + GST
The property has the following key characteristics:
• 15 year lease to 2031 + options to 2051
• Woolworths Petrol Limited now known as EG Fuel Co (Australia) Ltd - Market leading tenant with 537 service stations across Australia. Euro Garages (the parent company) has over 6,000 fast food outlets spread across the UK and Europe
• Significant 3,991 sqm corner site with dual street access and 65m frontage to the Illawarra Highway
• Built in 2016 this modern service centre offers double skinned fibre glass tanks, new lines and new bowsers
• High performing retail location close to Coles, Supa IGA, McDonalds, a new Alidi, Harvey Norman, Moss Vale Tafe and both primary and high schools
• Moss Vale - The agricultural and tourist hub of the Southern Highlands with the Illawarra Highway connecting Wollongong to the Illawarra coast
• Development approval in place for an additional 424 sqm retail complex with 18 car parks
• Landlord favorable environmental provisions, ownership of the tanks and remediation the responsibility of Woolworths Petrol Limited now EG Fuel Co (Australia) Ltd
• The lessor of CPI or 4% annual rent increases
• Net Income $75,065 pa + GST (estimated at 24th June 2019)
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 16 May at 2pm 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.
Property ID: 503164702Last Updated: 10 Jul 2019