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7-Eleven + Car Wash Investment on 4,800m2* Mixed Use Zone...

77-79 Mitcham Road, DONVALE VIC, 3111

Sold

Property Sold in 77-79 Mitcham Road, DONVALE VIC, 3111

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11265335
Status:
Sold
Price:
Contact Agent
Last Updated:
02/10/2019
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Property Type

Land/Development/Land/Development/Retail
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Land Area

4800 SQM
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Floor Area

180 SQM
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Parking

N/A

7-Eleven + Car Wash Investment on 4,800m2* Mixed Use Zoned Site

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. 

*approx

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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