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TURNERS BEACH TAS, 7315

For Sale
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Property for Sale in TURNERS BEACH TAS, 7315

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  • Colin Rowlands
Listing ID:
11375983
Status:
Active
For:
Sale
Last Updated:
26/08/2020
Price:
$810,000
Icon building

Property Type

Retail
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Land Area

1265 SQM
Icon size

Floor Area

95 SQM
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Parking

0

Tenanted Investment - Busy Service Station - Lease & Options through to 2039!

Located in the Turners Beach/Forth area of the North West Coast of Tasmania, this property is positioned to service both the surrounding local communities, as well as the significant volume of passing traffic on the nearby Bass Highway.

The service station has been operating for over 50 years, with the current tenant occupying the property since 2014. The tenancy provides the sale of petrol, general groceries, hot and cold takeaways, and is an Australia Post approved site, offering postal services and PO boxes.

Report available as evidence that site is compliant with all environmental requirements, tested regularly as a tenant and regulatory responsibility and is free from any contamination or other issues.

The tenant works with their supplier Shell Australia, who have recently installed modern, digital price boards at the road side.

The building size is approximately 95 sqm and sits on a land area of approximately 1,265 sqm.

With the tenant looking to remain at the site long into the future, they have recently taken up the first of their 5 year Options, with the current lease expiry November 2024, having lease Options in place through to 2039.

A great long term investment showing a 6% net return on listing price, with annual CPI increases during each lease term and market rent reviews on commencement of Option periods.

Listing price is $810,000.

Contact the listing agent Colin Rowlands of Halliwell Property Agents for further information.

For more details, please email agent

Halliwell Property Agents

17 Best Street, Devonport, TAS 7310

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  • Colin Rowlands

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