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289 Turton Road,
New Lambton, NSW 2305
Shops & Retail • Showrooms & Large Format Retail • Other
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Sale - Auction Mon 28 Oct
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Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
289 Turton Road
New Lambton, NSW 2305
Map of 289 Turton Road
Train stations within 5 km of 289 Turton Road, New Lambton, NSW 2305 Distance Broadmeadow Station 1.1 km Waratah Station 1.8 km Adamstown Station 1.8 km Hamilton Station 2.2 km Newcastle Interchange 3.3 km POWERED BY HERE ©Bus stops within 5 km of 289 Turton Road, New Lambton, NSW 2305 Distance Turton Rd at Young Rd 102 m Turton Rd Opp Monash Rd 291 m Griffiths Rd BF Turton Rd 429 m Turton Rd Opp Rex Av 489 m Turton Rd After Lambton Rd 510 m POWERED BY HERE ©
POWERED BY HERE ©
Renewed 10 Year Lease to a High Performing 7-Eleven – Directly Across from Major Newcastle Sporting Stadium
- Renewed 10 year lease to 2034 + options
- Next to McDonald Jones Stadium
- Net Income: $381,000 pa* + GST
Burgess Rawson is pleased to offer to the market 7-Eleven New Lambton (Newcastle) located at 289 Turton Road, New Lambton NSW for sale via our Investment Auction Portfolio 172.
This opportunity has the following key investment highlights:
+ Renewed 10 year lease to 2034 plus options through to 2054
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC operating 46,000+ sites
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Tenant pays all usual outgoings as per the lease
+ Rare and highly exposed position next to McDonald Jones Stadium, largest sports stadium in Newcastle and a Newcastle icon with 350,000+ visitors in 2024
+ Strategic 2,017sqm* main road corner site with 84m* combined frontage to Turton Road and Young Road, two high traffic Lambton thoroughfares
+ New Lambton: highly sought-after inner-city Newcastle suburb, 7km to Newcastle CBD with a greater population of 175,000+* people
+ 7-Eleven New Lambton benefits from the Broadmeadow Place Strategy introducing 20,000 new homes and 15,000 new jobs within a 2 km* radius
+ Net Income: $381,000 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:
+ Renewed 10 year lease to 2034 plus options through to 2054
+ 7-Eleven: Australia’s #1 convenience retailer with 760+ stores, recently purchased for $1.71B by 7-Eleven International LLC operating 46,000+ sites
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Tenant pays all usual outgoings as per the lease
+ Rare and highly exposed position next to McDonald Jones Stadium, largest sports stadium in Newcastle and a Newcastle icon with 350,000+ visitors in 2024
+ Strategic 2,017sqm* main road corner site with 84m* combined frontage to Turton Road and Young Road, two high traffic Lambton thoroughfares
+ New Lambton: highly sought-after inner-city Newcastle suburb, 7km to Newcastle CBD with a greater population of 175,000+* people
+ 7-Eleven New Lambton benefits from the Broadmeadow Place Strategy introducing 20,000 new homes and 15,000 new jobs within a 2 km* radius
+ Net Income: $381,000 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: 504701400Last Updated: 1 Oct 2024
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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