464-468 Armidale RoadNemingha NSW 2340
Property Details for 464-468 Armidale Rd, Nemingha
Last Listing description (October 2023)
Burgess Rawson is delighted to introduce this extraordinary investment opportunity, available exclusively offered to the market for sale through an Expression of Interest. The property comes with a secure and lucrative lease agreement, operating as a BP. This outstanding opportunity promises substantial returns and long-term stability for discerning investors.
The Service Centre has undergone a major refurbishment in 2020 including new tanks, fitout and livery, turning it into a modern and attractive service centre. The tenancy also includes a quality and high turnover mechanics workshop further adding to the performance of the location.
BP Brand is a pioneering industry leader, has made significant strides in revolutionizing various initiatives. With over 300 service stations and a workforce comprising approximately of 5,200 employees and long-term contractors spread across every state and territory in the country, BP's presence in Australia is well-established. With a steadfast focus on sustainable energy solutions and environmental responsibility, BP continues to pave the way for a greener and more prosperous future in Australia and beyond.
Highlights:
- Land Size: 2930 sqm
- R1 - General Residential Zoning
- Net Rent $228,960 per annum (as of Dec 23)
- 3% or CPI whichever is the higher Annual Increases
- 10 year lease with further options
- 100% outgoings paid by Lessee
Nemingha is a charming and picturesque suburb located in the beautiful New South Wales (NSW) close to the bustling town of Tamworth. Nestled amidst the rolling hills and lush landscapes, this serene little town offers a perfect blend of rural tranquility and modern conveniences.
Lessee: KSPATEL Licenced to BP
Lease Term: 10 years
Lease Commencement: 19 December 2022
Lease Expiry: 18 December 2032
Further Options: 5 years plus 2 x 5 years
Increases: 3% or CPI whichever is the higher per annum
Net Income: $228,960 per annum (as of Dec 23)
For Sale by Expression of Interest Closing 5th of October 2023 at 4pm (unless sold prior)
For more information, please reach out to Guy Randell on 0430 272 999 or Kieran Bourke on 0417 418 007.
Property History for 464-468 Armidale Rd, Nemingha, NSW 2340
- 28 Nov 2023Sold for $2,700,000
- 09 Aug 2023Listed for Sale For Sale by Expression of Interest
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0About Nemingha 2340
The size of Nemingha is approximately 32.6 square kilometres. The population of Nemingha in 2011 was 644 people. By 2016 the population was 672 showing a population growth of 4.3% in the area during that time. The predominant age group in Nemingha is 50-59 years. Households in Nemingha are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nemingha work in a managers occupation. In 2011, 76.5% of the homes in Nemingha were owner-occupied compared with 77.1% in 2016.
Nemingha has 434 properties. Over the last 5 years, Houses in Nemingha have seen a 60.54% increase in median value. As at 31 July 2024:
- The median value for Houses in Nemingha is $729,458 while the median value for Units is $207,576.
- Houses have a median rent of $365.
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