Multi-national fuel and convenience retail giant, EG Group is selling three brand new investment assets located on the eastern seaboard through Burgess Rawson’s Yosh Mendis, Jamie Perlinger, Campbell Bowers, Zomart He and Rick Jacobson.

EG Group is a multinational fuel and convenience retailer with $33 billion annual revenue and 6,612 locations globally.

The properties are being offered for sale on a leaseback basis.

Each of the assets offer exceptional investment opportunities for investors nationally, underpinned by brand new 15 year leases, landlord friendly lease terms with all the usual outgoings paid by the tenant as well as newly build latest specification purpose-built facilities, offering significant tax depreciation benefits.

Situated in a prime position next to Brendale Bunnings, the asset at 1 McKay Street on the corner of Kremzow Road, Brendale, Queensland delivers a net annual rental of $550,000 and boasts a massive corner site of 6,384 square metres.

The property comprises a brand new EG Fuel and Convenience Retail store, a freestanding Oporto branded fast food drive thru as well as another freestanding DA approved fast drive thru to be developed. The property will be sold under the hammer at the Burgess Rawson Portfolio Auction 160 event in Brisbane on May 11.

In Victoria, the outlet on the corner of O’Herns and Cotter Roads, Epping provides a net annual income of $444,225 and is a significant 3,483 square metre landholding. The gateway site is the first service station off the Hume Freeway which carries 62,000 vehicles daily. It will be offered for sale at the Burgess Rawson’s Melbourne auction event on May 10.

The rare 3,894 square metre property at 180 Portland Drive fronting George Booth Drive, Cameron Park in New South Wales returns a net rental of $450,000 per annum and is located within the high trading Cameron Park Shopping Precinct anchored by Woolworths, McDonald’s, KFC, PETstock and Sugar Valley Library. The asset provides a rare 3,874sqm ‘pad site’ directly adjoining Woolworths and McDonald’s Cameron Park. It will be sold at the Burgess Rawson’s Sydney auction event on May 9.

Mr Mendis said the properties are all being sold with new 15-year leases adding that, “convenience retail assets have been highly contested at our recent auctions with yields as low as 3.9% being achieved.”

“We’re anticipating strong results at the next portfolio auction event which offers a wide range of assets including convenience retail, fast food, early learning centres, medical, large format retail, office and automotive,” he said.

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