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1A Bay Street, Port Macquarie, NSW 2444

1A Bay Street, Port Macquarie, NSW 2444

Retail Showrooms/Bulky Goods Industrial/Warehouse

  • Sold Contact Agent
  • Fri 19-Mar-21

Strong performing Service Station neighbouring Woolworths

  • Brand New 15 year Net Lease
  • Global Fuel & Convenience Retail Giant
  • Net Income $225,000 pa + GST

  • Land Area
  • 876.00 m² (approx)
  • Floor Area
  • 0 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 17, 2021

Interested in this property? Contact an Agent today

Cushman & Wakefield - Sydney

Level 22, 1 O'Connell Street

Sydney NSW 2000

Michael Collins, Cushman & Wakefield - Sydney
Michael Collins
Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street

Brisbane City Qld 4000

Strong performing Service Station neighbouring Woolworths

Cushman & Wakefield is pleased to present to the market 1A Bay Street, Port Macquarie for Sale via Auction.

The property has the following key characteristics:
- 15 year net lease to 2036 + options to 2066
- EG Group - Multinational fuel and convenience retail operator with $32.4 Billion and 6,012 locations globally
- EG Group - Acquired Woolworths Petrol for $1.7 Billion and operate circa 540 Woolworths Caltex service stations
- Located at the entrance to Port Macquarie’s Settlement City Shopping Centre featuring 60 specialty retailers
- Prominent corner position on Bay Street directly opposite McDonald’s
- Future development upside offered with favourble B3 Commercial Core Zoning
- Newly built in 2010, the site offers modern improvements & dual-skinned fibre-glass tanks
- Favourable environmental provisions, ownership of the tanks & remediation the responsibility of EG Group
- Tenant pays all outgoings including Land Tax
- Net Income $225,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located

1A Bay Street, Port Macquarie, NSW 2444

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