88 Champion Drive, Seville Grove WA 6112

+ Rare Triple Net Lease to Viva Energy
+ Fixed 3% Rent Increases
+ Tenant pays Multiple Holding Land Tax

Burgess Rawson is pleased to offer to market ‘Viva Energy’ located at 88 Champion Drive (Corner Seville Grove), Westfield (Perth) WA for sale via Auction Investment Portfolio 172.

The property has the following key investment highlights:

+ Fourteen (14) year Triple Net lease to 2030 plus seven (7) further ten (10) year options to 2100.
+ 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.
+ Prominent 2,350 sqm* corner site with 91 metres* of combined frontage to Seville Drive and Champion Drive, servicing 22,000+ vehicles per day.***
+ High profile location integrated with Champion Drive Shopping centre, a single supermarket anchored by Coles, Liquorland, Australia Post, Subway, complimented by 11 specialty shops and 275 car parking bays.****
+ Surrounded by important social infrastructure including Armadale Fitness & Aquatic Centre with over 800,000 visitors annually***** and 15 schools within 3km servicing 6,563 full-time students.***
+ Seville Grove: booming residential growth location with median house prices increasing 33% in the last 12 months.******
+ City of Armadale: The City of Armadale is the fourth?fastest growing local government in WA and the fifteenth?in Australia. *******
+ City of Armadale: current population of 106,882 with the number forecast to increase by 36% to a population exceeding 145,000 by 2046.********
+ Rent: $380,031 pa* + GST


For Sale by Portfolio Auction Investment 172
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne


*Approx
** Viva Energy
*** Gapmaps
**** Apil Group
***** City of Armadale Annual Report 2023
****** realestate.com.au
******* City of Armadale
******** Forecast.id