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Split-risk anchored by Z Energy – $3.25M (6.6%)

47 Porowini Avenue, Morningside

Investment Opportunities
dollar

$3,250,000 Plus GST (if any)

Floor area
685m2
Land area
2986m2
Title type
Freehold
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Property details

Listing # 1054373 | Listed on 22 August

High-profile, split-risk investment returning $213,903 net p.a. + GST with a 7.2-year WALE and regular rent reviews ensuring steady income growth.

Anchored by Z Energy Limited (lease to 2048 if all renewals exercised) and complemented by an established automotive tenant on a new lease through to 2035.

The 2,986sqm freehold Commercial-zoned site sits directly opposite Mitre10 Mega, benefiting from strong traffic flow, excellent visibility, and dual access via a secondary laneway.

KEY POINTS

  • $213,903 net p.a. + GST
  • 7.2-year WALE with built-in rent growth
  • Z Energy + automotive tenant mix
  • 2,986sqm freehold Commercial land
  • Dual access and prime exposure
  • Asking price $3.25M – 6.6% yield
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