Brand new Queanbeyan 7-Eleven sells for $6.85 million prior to auction

Brand new Queanbeyan 7-Eleven sells for $6.85 million prior to auction
Staff reporterMay 24, 2020

A new 7-Eleven store in Queanbeyan’s Jerrabomberra has been sold for $6,850,000.

It was sold on a 4.8 per cent net yield prior to its scheduled auction.

Home to Australia’s largest independent fuel retailer, the 2 Ferdinand Lane asset is secured on a new 15-year lease with two options of five years each extending to 2045.

There is and an annual net income of $334,000 + GST (after land tax).

Situated 17 kilometres from Canberra’s CBD, the newly completed 7-Eleven is directly adjacent to a brand-new McDonalds, KFC and Aldi, with the emerging precinct also welcoming a medical centre tenant, scheduled to be completed in late 2020.

The tenant will pay all outgoings.

There is a  3.5% annual rent reviews throughout the lease term.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner