SOLD - Lambrick (Darwin) - Top Performing Strategic ‘Pad’ Site Neighbouring Woolworths

Cushman & Wakefield is pleased to present to the market 3 Lambrick Avenue, Bakewell (Darwin) for Sale via Auction.

The property has the following key characteristics:

• 15 year net lease to 2035 + options to 2065
• EG Group - Multinational fuel & convenience retail giant with 2019 Revenue of $32.4 Billion & 6,012 locations globally
• EG Group - Acquired Woolworths Petrol for $1.7 Billion & operate 540+ Woolworths Caltex service stations
• Prominent corner ‘pad’ site at entrance to strong performing Shopping Centre anchored by Woolworths, BWS, Guzman Y Gomez & Medical Centre
• Bakewell/Palmerston - Young, vibrant regional hub, 20 km from Darwin CBD, population 35,000+
• Newly built in 2016, the site offers modern improvements and dual-skinned fibre-glass tanks
• Favourable environmental provisions, ownership of the tanks and remediation the responsibility of EG Group
• Tenant pays all outgoings including Land Tax
• Net Income $390,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 5 November at 12 noon AEDT at Doltone House Hyde Park, located on 3/181 Elizabeth Street, Sydney NSW.

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, please contact the exclusively appointed property professionals at Cushman & Wakefield.