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Elders Real Estate Launceston

Viva Energy, 69 Wellington Street Launceston, TAS 7250

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Viva Energy, 69 Wellington Street,
Launceston, TAS 7250

Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land

Price information

Sale - Auction Tue 10 Dec

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$385,112
Number of Tenants
1 Tenant
Tenants / Type
Viva Energy

Auction

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Elders Real Estate Launceston
David Webster

Elders Real Estate Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
Elders Real Estate Launceston
Viva Energy, 69 Wellington Street
Launceston, TAS 7250

Map of Viva Energy, 69 Wellington Street

Directions
  • Bus stops within 5 km of Viva Energy, 69 Wellington Street, Launceston, TAS 7250Distance
    89 Wellington St129 m
    Opposite 150 York St136 m
    Opposite 81 Elizabeth St146 m
    Princes Square196 m
    Brisbane St Near Kingsway200 m
    POWERED BY HERE ©
POWERED BY HERE ©

Strategic Launceston CBD Freehold Investment

  • 16 Year Net Lease to 2032
  • Triple Net Lease
  • Fixed 3% Rent Increases
Burgess Rawson in conjunction with Elders Real Estate are pleased to present to market ‘Viva Energy’ at 69 Wellington Street, Launceston TAS for sale via Investment Portfolio 173.

This property has the following key investment highlights:

+ 16-year Triple Net lease to 2032 plus seven (7) further ten (10) year options to 2102.
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and multiple holding Land Tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy Limited (ASX: VEA): Blue-chip $4.51 billion ASX200 company & Shell’s Australian licensee.**
+ With over 1,500 retail sites nationwide, Viva Energy has completed acquisitions of Coles Express, and the South Australia-based OTR group, aiming to transform it into Australia’s leading convenience and mobility retailer.**
+ Guaranteed rental growth with annual fixed 3% rent increases during the lease term.
+ Prime 1,980 sqm* CBD corner site with over 98 metres* of combined dual frontage.***
+ Expansive 250 sqm* convenience retail shop including a Mycar Tyre & Auto with an attached 80 sqm* canopy covering four (4) undercover bowsers.
+ Blue-chip location within Launceston’s retail precinct surrounded by national tenants including Woolworths & Coles Supermarkets, Target, Myer Department Store, Dan Murphy’s, BWS and Subway all within 500 metres.****
+ Surrounded by important social infrastructure including Launceston General Hospital and 17 schools servicing 6,513 full time students within 3km*.****
+ Launceston: a major administrative and commercial centre of Northern Tasmania with a trade catchment of over 155,000.*****
+ Net Income: $385,112 pa* + GST.

To be sold by Investment Portfolio Auction 173
10:30AM AEDT Wednesday 11 December 2024
River Room, Crown Casino, Melbourne

*Approx
**Viva Energy
***Land Information Service Tasmania LISTmap
****Gapmaps
*****City of Launceston Prospectus 24/25 (pg7) City-of-Launceston-Prospectus-2024-25.pdf

Property ID: 504735464Last Updated: 25 Nov 2024

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