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
Private inspections
to arrange a private inspection.
Elders Real Estate Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
Viva Energy, 69 Wellington Street
Launceston, TAS 7250
Map of Viva Energy, 69 Wellington Street
Bus stops within 5 km of Viva Energy, 69 Wellington Street, Launceston, TAS 7250 Distance 89 Wellington St 129 m Opposite 150 York St 136 m Opposite 81 Elizabeth St 146 m Princes Square 196 m Brisbane St Near Kingsway 200 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
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
Elders Real Estate Launceston54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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MELBOURNE, VIC 3000
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