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Split-risk investment anchored by Z Energy

47 Porowini Avenue, Morningside

Investment Opportunities
dollar

Deadline Sale

Floor area
685m2
Land area
2986m2
Title type
Freehold
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Map

Property details

Listing # 1054373 | Listed on 22 August

Secure a high-profile commercial investment returning $213,903 net p.a. + GST, underpinned by a 7.2-year WALE and regular rent reviews ensuring sustained income growth.

Anchored by Z Energy Limited (final expiry 2048 if all renewals exercised) and complemented by an established automotive operator on a new lease through to 2035, the property provides both income stability and diversification.

Comprising 2,986sqm of freehold Commercial-zoned land, the site is prominently positioned directly opposite the entry/exit of Mitre10 Mega, benefiting from strong passing traffic, excellent visibility, and valuable dual access including a secondary laneway.

Key Highlights

  • $213,903 net p.a. + GST
  • 7.2-year WALE with built-in rent growth
  • Blue-chip anchor tenant: Z Energy Limited
  • Strategic 2,986sqm freehold landholding
  • Prime frontage + dual access for long-term value
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