28 Morgan Street, Uranquinty, NSW, 2652, AU

Uranquinty Ampol

Asset Description

JLL Retail Investments is privileged to offer the opportunity to purchase Ampol Uranquinty (Wagga Wagga), a rare entry level Ampol-branded service station with a brand new 15-year lease and further 15-year option.

Ampol Uranquinty is strategically positioned along the Olympic Highway, 15 kilometres south of Wagga Wagga, in the heart of the Riverina region. Located in the strategic position for 25 years, there are only three other fuel locations along the 100km to Albury from Wagga Wagga.

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Attributes

Land area gross

2,023 m²

Remaining lease term

15 years

Zoning

RU5: Village

Annual escalation

Fixed

Media

Investment Highlights

Key investment highlights include:

Significant Long-term lease – Brand new 15-year lease to 2039, with options to 2054

Guaranteed Rental Growth – Guaranteed rental growth for 30 years with fixed 3.0% annual rent reviews.

Value-add Opportunity – Approximately 500 sqm of additional land situated at the rear of the property.

Attractive Net Lease Structure – Tenant pays all usual outgoings including Rates, Insurance, Management Fees and general Repairs & Maintenance

Established & successful service station / convenience store – Trading for 25 years in strategic location and positioned with 40.2m of exposure along the Olympic Highway

Strong Regional Location – Wagga Wagga is the major City that services the Riverina Region and supports a deep and diverse economy with a Gross Regional Product of $4.84 billion.

Ampol Uranquinty (Wagga Wagga) is being offered for sale by an expressions of interest process closing Wednesday, 6^th March 2024 at 5:00 pm (AEDT).