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Viva Energy Australia, 142 Sandy Bay Road, Sandy Bay, Tas 7005

Viva Energy Australia, 142 Sandy Bay Road, Sandy Bay, Tas 7005

Retail Showrooms/Bulky Goods Land/Development

  • Sold Contact Agent
  • Tue 10-Aug-21

Hobart Viva Energy Freehold Investment

  • Rare Triple Net Lease to Viva Energy
  • Tenant pays outgoings incl Land Tax
  • Annual compounding 3% rent increases

  • Land Area
  • 835.00 m² (approx)
  • Floor Area
  • 126 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Sep 11, 2021

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Jamie Perlinger, Burgess Rawson - Melbourne
Jamie Perlinger
Matthew Wright, Burgess Rawson - Melbourne
Matthew Wright
Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

Scott Newton, Knight Frank - Tasmania
Scott Newton
George Burbury, Knight Frank - Tasmania
George Burbury

Hobart Viva Energy Freehold Investment

+ Secure 11 year triple net lease to 2027 plus seven further 10 year options to 2097.
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $3.4 billion ASX-listed company and Shell’s Australian licensee with over 1,300 retail fuel sites across Australia**.
+ Viva Energy controls 24% of Australia’s retail fuel market, with sales volume up 28% since June 2020**..
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ High-profile 835sqm corner site with 81 metres combined frontage and exposure.
+Important homebound side position at the start of Sandy Bay’s retail hub, anchored by various high-profile tenants including Woolworths, Coles, CBA, Country Road, McDonald’s and Australia Post all within 500 metres.
+ Within 1km of the University of Tasmania, home to over 24,500 domestic students – enrolments up 14% from FY2020.
+ Sandy Bay: Located just 1.4km from Hobart CBD,

Viva Energy Australia, 142 Sandy Bay Road, Sandy Bay, Tas 7005

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