7.5% YIELD - FREEHOLD SERVICE STATION PROPERTY
SERVICE STATION INVESTMENT PROPERTY + ADDITIONAL TENANCIES
No time to wait…. Grab this investment opportunity before the owner takes it to auction!
I challenge you to find a better return on a prime freehold service station property in one of the best-known holiday destinations in Queensland.
Security of a long lease to oil company Metro Petroleum – Mobil fuel supply. Tenanted property includes additional building space – Tyrepower and a long-established mechanical workshop.
Today, Sydney based oil company Metro Petroleum is one of the largest independent franchises in Australia recognised by the banks as an ‘A’ grade tenant, with well over 200 sites across Australia and growing rapidly.
The proposed Freehold Investment Property is situated on a corner of the main arterial road with over 50m of street frontage.
Metro Petroleum rebranded the site inside and out with new facia, LED signboard and pumps.
Service Station – Metro Petroleum
- Long 10 year lease signed in September 2016
- 2 x 5 year options
- $71,000 p.a rental (+ GST & Outgoings)
- CPI annual increases
- 5 year lease signed in March 2016
- 1 x 5 year option
- $39,200 p.a rental (+ GST)
- Worked from the premises for 10+ years
- No current lease in place
- $17,000 p.a rental (+ GST)
Total current rental annual income $127,200 + GST
Price: $1.7 million
Based on a 7.5% return.
Freehold Service Station investments are reaching crazy prices at auction, contact me today to find out how you can take advantage of this opportunity.
Contact Benchmark Business Sales and Valuations today to find out more – 1300 366 521
Service Station Specialist Broker
0432 906 946
Property Code: 614
For more details, please email agent