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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:
11367002
Status:
Active
For:
Sale
Price:
$1,700,000
Last Updated:
09/11/2019
Icon building

Property Type

Retail/Industrial/Warehouse
Icon square

Land Area

1030 SQM
Icon size

Floor Area

2 SQM
Icon parking

Parking

0

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.

For further information on this opportunity, please contact the undersigned:

Jacob Reeson

Business Broker - Service Station Specialist

Benchmark Business Sales and Valuations

M: 0432 906 946 T: 1300 366 521 E: jacob@benchmarkbusiness.com.au

If you like to know more about the Business complete our online confidentiality agreement here: https://benchmarkbusiness.com.au/ca-form-1968

or go to our Website www.benchmarkbusiness.com.au and use the reference #1968 to search for the business.

Benchmark Business Sales and Valuations

The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Commercial Property, Automotive, Service Station, Mechanical Repair, Industrial and Warehouse

Property Code: 1968

For more details, please email agent

Benchmark Business & Commercial

Suite 24, 213 Greenhill Road, Eastwood, SA 5063


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