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Subway Restaurant & United Petroleum Service Station Inve...

350 Ferntree Gully Road, NOTTING HILL VIC, 3168

Sold

Property Sold in 350 Ferntree Gully Road, NOTTING HILL VIC, 3168

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11168882
Status:
Sold
Last Updated:
02/10/2019
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Property Type

Retail
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Land Area

1375 SQM
Icon size

Floor Area

205 SQM
Icon parking

Parking

N/A

Subway Restaurant & United Petroleum Service Station Investment!

This prominent corner petrol station / convenience store and Subway restaurant investment is available via public auction, Thursday 29th October, 2015 at 12pm on site. 

The property is currently leased to two well-known national brand names and features an attached canopy over three parallel island fittings with multi-product dispensers, fibreglass tanks and underground gas.

Service Station / Convenience store:
- Tenant: W & L Group Pty Ltd operating as United Petroleum 
- Current Rental return: $97,850.00 p.a.net + GST 
- Lease terms: 5 + 5 + 5 + 5 + 5 years from Feb 2014

Restaurant / Retail:
- Tenant: Subway Realty Pty Ltd
- Current Rental return: $45,540.00 p.a.net + GST 
- Lease terms: 7 + 7 + 7 years from Nov 2013

Property Highlights:
- Total rental return: $143,390.00 pa net + GST
- Land area: 1,375m2*
- 11 on site car spaces
- Fantastic street frontage
- Corner alotment

The property's convenient location is on the southern side of Ferntree Gully Road catering to traffic heading into the CBD and is under 1.2 kilometres* to the entrance and exit ramps for the Monash Freeway (M1). Conveniently located on the corner of Howleys Road and Ferntree Gully Road, the site is located right next Monash University and is constantly feeding the businesses located nearby as well as the vast array of commercial and industrial tenants and occupiers in the area. 

AUCTION: Thursday 29th October 2015 at 12pm on site

*approx

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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