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Auction | Retail Sold

15 Year Ground Lease - Fastest Growing Regional City of VIC

27-29 High Street
Wodonga, VIC 3690
Australia
Inquire About This Property
Building Size:
1 SQM
Lot Size (SQM):
1505

Cushman & Wakefield is pleased to present to the market 27-29 High Street, Wodonga for Sale via Auction. The property has the following key characteristics: - 15 year lease to 2027 + options to 2047 - EG Group – Multinational fuel & convenience retail operator with $32.4B annual revenue & 6,012 locations - EG Group – Acquired Woolworths Petrol for $1.7 Billion & operate circa 540 Woolworths Caltex service stations - Divere, strong & resilient economy underpinned by manufacturing, health care, public admin 7 defence - High profile location situated on High Street with 12,000+ vehicles passing daily - Albury-Wodonga population of 96,436 with 40% growth foreacast by 2036 - Wodonga - situated on the Murray River, a strategic hub 300 kms north east of Melbourne on the Hume Freeway, main transport route between Melb & Syd - Newly built in 2012, the 1,505 sqm site offers modern improvements & dual-skinned fibre-glass tanks - Favourable environmental provisions, ownership of the tanks & remediation the responsibility of EG Group - Net Income $72,733 pa + GST The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000. Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne. Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield. - North East Regional Victoria
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