8% Net Return Anticipated / Long 15 Year lease to 2032 + Options

Description

Long 15 year lease to 2032 plus options until 2052
Established National operator with 40 plus sites across 4 states
Important modern fuel infrastructure including fibreglass fuel tanks
All environmental reports avalailabe upon request
Long established, thriving and profitable service station, Australia Post outlet and mechanic workshop
Substantial goodwill paid by existing tenant in November 2017 to secure this specific site
Strategic position on or minutes away from major crossroads thoroughfare heading SE to Wollongong and South Coast and SW to Bowral,
commuters and light and heavy vehicles
Wilton town centre to become a major residential, retail, commercial & entertainment core of the Wilton Growth Area
Surrounding developments including 15,000 new dwellings, major school, roads & transport upgrades
Tenant responsible for all outgoings, as per lease
Fixed 3% rent increases for service station tenant
Fixed 2% rent increases for workshop tenant
Total Net Income: $453,738 pa + GST

For Sale by Auction
10.30am (AEST) Tuesday 21 June 2022
Yallamundi Rooms, Sydney Opera House

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Contact agents
Kieran Bourke Partner
0417 418 007
Darren Beehag Partner
0411 226 223
Enquiry Form

Wilton, NSW

1109a Argyle Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 153

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