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7.5% YIELD - FREEHOLD SERVICE STATION PROPERTY

CANNONVALE QLD, 4802

For Sale

Property for Sale in CANNONVALE QLD, 4802

Benchmark Business & Commercial

Suite 24, 213 Greenhill Road, Eastwood, SA 5063

Listing ID:
11332044
Status:
Active
For:
Sale
Price:
$1,700,000
Last Updated:
12/02/2019
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Property Type

Retail/Industrial/Warehouse
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Land Area

1030 SQM
Icon size

Floor Area

N/A
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Parking

0

7.5% YIELD - FREEHOLD SERVICE STATION PROPERTY

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

Tyrepower Workshop

- 5 year lease signed in March 2016

- 1 x 5 year option

- $39,200 p.a rental (+ GST)

Aircon/Mechanical Workshop

- 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

Jacob Reeson

0432 906 946

jacob@benchmarkbusiness.com.au

benchmarkbusiness.com.au

Property Code: 614

For more details, please email agent

Benchmark Business & Commercial

Suite 24, 213 Greenhill Road, Eastwood, SA 5063


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