295 Cormorant RoadKooragang NSW 2304
Property Details for 295 Cormorant Rd, Kooragang
Last Listing description (February 2022)
Cushman & Wakefield in conjunction with Next Commercial are pleased to present to the market 130 Cormorant Road, Kooragang (Newcastle) for sale via Expressions of Interest.
This exceptional offering has the following key characteristics:
- Prized Convenience Retail, Fast Food & Distribution Centre with 86% of income underpinned by global and national tenant covenants
- Viva Energy Australia Pty Ltd - Wholly owned subsidiary of ASX listed Viva Energy Group Ltd (ASX:VEA) with market capitalisation of $3.90 billion. Local network of over 1,250 locations across Australia
- Elgas Ltd - Wholly owned subsidiary of Fortune 500 Linde PLC, the world's largest industrial gas company by market share/revenue. Listed entity on German & New York Stock Exchange with market cap of over $148 billion
- KFC - Iconic fast food brand serving 2 million customers weekly across 640 outlets nationally
- Barrington Bakery - Award winning, third generation bakers with 6 sites across New South Wales
- BayWash - 24 hour fully automated car wash facilities
- Newly purpose-built distribution facility, service station (with diesel truck stop) & convenience centre with KFC drive thru and automated/manual car wash facility, offering significant depreciation benefits
- Strategic 21,000 sqm corner site with direct access to Cormorant Road
- Surplus land for future development upside (STCA)
- Viva Energy rental paid annually in advance
- Fixed 3% and CPI annual rent increases
- Net Income $769,736 + GST
The property is for sale via Expressions of Interest closing Wednesday 25 August at 3pm.
For more information, please contact the exclusively appointed Cushman & Wakefield and Next Commercial property professionals.
Property History for 295 Cormorant Rd, Kooragang, NSW 2304
- 20 Jul 2021Listed for Sale Contact Agent
- 23 Jul 2009Sold for $75,000,000
Recent sales nearby
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About Kooragang 2304
The size of Kooragang is approximately 35.5 square kilometres. There are 11 parks, covering nearly 83.4% of the total area. The population of Kooragang in 2016 was 0 people. By 2021 the population was 4 showing a stable population in the area during that time. The predominant age group in Kooragang is 80-89 years. Households in Kooragang are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kooragang work in a machinery operators and drivers occupation.In 2021, 0.00% of the homes in Kooragang were owner-occupied compared with 0.00% in 2016.
Kooragang has 87 properties.
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