SOLD - Harden (Canberra Region) - Newly Refurbished Service Station - New 15 Year Lease

Cushman & Wakefield is pleased to present to the market 379 Burley Griffin Way (Albury Street), Harden for Sale via Auction.

The property has the following key characteristics:

• 15 year lease to 2035 + options to 2050
• Ultra Petroleum Group Pty Ltd - Premium, strong performing independent fuel & convenience retailer operating 9 locations across NSW including Randwick and Manly in Sydney
• Strategically located along Burley Griffin Way, Harden’s major thoroughfare
• Newly refurbished property with significant capex, offering tax depreciation benefits
• Harden – Strong agricultural economy positioned on main routes to Cootamundra, Young and Yass
• Significant 2,023 sqm land holding
• Attractive minimum 3% annual increases ensuring guaranteed income growth
• 3 Month Bank Guarantee & Directors Guarantee
• Desirable net lease - tenant pays 100% of outgoings including Land Tax
• Easily managed single tenant investment
• Net Income $164,800 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

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

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.