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Retail
Sold
Private Treaty
7Eleven - The Hub Smithfield
Mcgregor Road, Smithfield
Price
$6,200,000
Income
$385,000 p.a.
Lease Term
12 year head lease to 7-Eleven expiring 2027, plus 4 x 5-year options
Occupancy
Fully Leased
Tenants / Type
7-Eleven Fuel & Convenience
Tenants
1 Tenant
Size
2205 sqm
Type
Retail
Land Size
15,245 sqm
Description
Kelly & Co Property has settled the off-market, off-the-plan sale of the newly completed 7-Eleven at The Hub Smithfield — negotiated directly with a private investor, without a public campaign.
Investment Highlights
12-year head lease to 7-Eleven expiring 2037, plus 4 × 5-year options
$385,000pa + GST and outgoings, Fixed 3% annual increases
Essential fuel & convenience next to Guzman y Gomez, Zarraffa’s, Pizza Hut, Oporto and Subway