10 year lease to August 2022 plus option to 2032.
Modern 2008 built service station with large 369 sqm convenience store & Subway restaurant.
Huge 4,745 sqm Caltex Service Station with massive fuel canopy, allowing heavy vehicle access and 30 car spaces.
State-of-the-art technology including fibre glass tanks, highflow pumps and underground tank monitoring system.
Major thoroughfare location at the end of M1 Motorway plus busy trade catchment from surrounding Industrial Estate.
Tenant pays all outgoings as per lease, including land tax.
Fixed 3% annual rent increases with ratchet clause (Net Income: $439,827 in August 2022).
Tenant environmental & maintenance responsibilities.
Substantial tax saving depreciation benefits.
Net Income: $380,189 pa + GST (August 2017).