Burgess Rawson are pleased to present Metro Petroleum located at 138 Shute Harbour Road, Cannonvale QLD for sale via Expressions of Interest.

The property has the following investment highlights:

+ Anchored by ten (10) year net lease to Metro Petroleum through to August 2026 plus two (2) further five (5) year options to 2036
+ Metro Petroleum: one of the largest independent service station networks in Australia, with over 300 branded service station outlets across NSW, VIC, QLD and WA
+ Supported by three (3) year net lease to Quick Lube Mechanical
+ Landlord favourable fixed annual reviews with a mixture of fixed 3%, 4% & 5% increases, ensuring future rental growth
+ Investor-preferred net lease structures with the tenants paying all outgoings as per leases (excluding land tax)
+ High profile 1,033sqm* corner site with strong underlying land value
+ 54m* of direct frontage to Shute Harbour Road, a major arterial roadway connecting Airlie Beach to the Bruce Highway with over 21,000 passing vehicles daily*
+ Within immediate proximity of Cannonvale’s major retail centre and freestanding national tenants including Bunnings Warehouse, Hungry Jack’s & the Coles anchored Whitsunday Shopping Centre
+ Airlie Beach: major QLD tourism precinct the gateway and mainland hub of the famous Whitsunday Islands with over 1 million annual visitors
+ Whitsunday Region: significant growth corridor of North Queensland, with a resident population forecast to grow at an average annual rate of 2.3%
+ Potential Fully Leased Net Income: $154,707 pa* + GST (current $94,633 pa* + GST)

For Sale via Expressions of Interest closing Thursday 7 November 2024 at 3pm AEST.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.