This rare opportunity comprises two tenants, 7-Eleven service station/convenience store together with Car Wash Express, situated on a massive site of 4,800m2* and returning a current combined rental of $382,547.16 per annum plus GST. Offered for sale by way of Public Auction on Wednesday 1st November 2017 at 12 noon on site.
Property features include:
- Great anchor tenant 7-Eleven Stores Pty Ltd -Established in 1977, now comprising 620 * stores, the largest petrol & convenience store retailer in Australia, with revenues of $3.9 Billion together with an automatic 4 bay car wash operating as Car Wash Express
- Generous 73 metre* Mitcham Road frontage
- Sought after Mixed Use Zoning
- Substantial income with future development potential
- Leases to 2023 (including options in the Car wash lease)
- Annual rental reviews of 4% applicable to 7-Eleven lease
Conveniently located near the intersection of Mitcham Road and Springvale Road, the property is exposed to 23,000* vehicles passing daily (VicRoads Data 2016) and strategically positioned 900 metres* from Eastlink. Renowned Tunstall Square shopping centre is 1km* from the subject property and features well known traders Coles, Subway, Commonwealth Bank, Bakers Delight and Chemist Warehouse.
For further information, please contact Ian Angelico 0418336088 of CVA Property Consultants.
For more details, please email agent