Added 1 day ago
17 Forsyth Street,
Wagga Wagga, NSW 2650
Shops & Retail • Showrooms & Large Format Retail • Other
Added 1 day ago
Price information
Sale - Auction Mon 28 Oct
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$259,560
Number of Tenants
1 Tenant
Tenants / Type
Pearl Energy
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
17 Forsyth Street
Wagga Wagga, NSW 2650
Map of 17 Forsyth Street
Train stations within 5 km of 17 Forsyth Street, Wagga Wagga, NSW 2650 Distance Wagga Wagga Railway Station 858 m POWERED BY HERE ©Bus stops within 5 km of 17 Forsyth Street, Wagga Wagga, NSW 2650 Distance Morgan St Opp Mark Taylor Oval 274 m Baylis St Before Forsyth St 355 m Wagga Wagga Marketplace, Baylis St 421 m Baylis St Opp Wagga Wagga Marketplace 451 m Baylis St Before Tompson St 454 m POWERED BY HERE ©
POWERED BY HERE ©
Prime CBD Freehold Investment – New 12 Year Lease to National Convenience Retail Operator
- New 12 year lease to 2035 + options
- Strategic 2,641sqm* CBD landholding
- Net Income: $259,560 pa* + GST
Burgess Rawson is pleased to offer to the market Pearl Energy Wagga Wagga located at 17-19 Forsyth Street, Wagga Wagga NSW for sale via our Investment Auction Portfolio 172.
This opportunity has the following key investment highlights:
+ New 12 year net lease to 2035 plus options extending to 2060
+ Pearl Energy: rapidly expanding national convenience retailer with 124+ sites and growing
+ Fixed 3% annual rental increases guaranteeing long term compounding income growth
+ Landlord friendly net lease structure with tenant paying all outgoings including rates, land tax and insurances
+ Highly versatile freehold site positioned on an exposed 2,641 sqm* CBD landholding, with 41 metres* of frontage to Forsyth Street and additional rear laneway access from Eurdein Lane
+ Strategic CBD retail precinct within close proximity to Wagga Wagga Marketplace SC, Sturt Mall SC, Woolworths, ALDI, Coles, Big W amongst others
+ Wagga Wagga: NSW’s largest inland city with a population of 69,000* people set to grow 18.5% by 2046 and part of the Riverina Region
+ Riverina Region: home to 174,490 people with an economic output of $34.4 billion
+ Net Income: $259,560 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 29 October 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information.
*Approx
This opportunity has the following key investment highlights:
+ New 12 year net lease to 2035 plus options extending to 2060
+ Pearl Energy: rapidly expanding national convenience retailer with 124+ sites and growing
+ Fixed 3% annual rental increases guaranteeing long term compounding income growth
+ Landlord friendly net lease structure with tenant paying all outgoings including rates, land tax and insurances
+ Highly versatile freehold site positioned on an exposed 2,641 sqm* CBD landholding, with 41 metres* of frontage to Forsyth Street and additional rear laneway access from Eurdein Lane
+ Strategic CBD retail precinct within close proximity to Wagga Wagga Marketplace SC, Sturt Mall SC, Woolworths, ALDI, Coles, Big W amongst others
+ Wagga Wagga: NSW’s largest inland city with a population of 69,000* people set to grow 18.5% by 2046 and part of the Riverina Region
+ Riverina Region: home to 174,490 people with an economic output of $34.4 billion
+ Net Income: $259,560 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 29 October 2024
Yallamundi Rooms, Sydney Opera House
Please contact the exclusively appointed sales team for more information.
*Approx
Property ID: 504700840Last Updated: 30 Sep 2024
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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