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

Olympic infrastructure fuels residential boom in Maroochydore City Centre
Australian Federal Election 2025: How Labor and Liberal plan to fix the housing crisis
First certified Passivhaus homes in Australia complete in Hawthorn
Figurehead covers stamp duty at Osprey Safety Beach in pre-Easter sales offer
Morris releases second tower at Crest Broadbeach after tower one sales success