Investment Opportunity.
Great Return 8% ROI
Modern Upgraded Site.
Newly Upgraded and Refurbished Petrol Station in lovely Bayside Victorian Town in Gippsland Region.
Caltex Petrol Station
Land Size: 1417 Square Metres
Rental Income:
$94,000 Per Annum Plus GST
Tenant Pays 100 % Outgoings ( except land tax)
New Lease - 15 Years Plus 10 x 10 Year Options
New lease started August 2024 - Tenure till 2059
Annual Increase of 3.3% PLUS GST
Tenant maintains all equipment.
Recently redeveloped the fuel infrastructure New pipes, lines and bowsers.
Plus New Aboveground Tank.
Fully refurbished and rebranded the showroom and convenience store.
Recent ESA and testing reports available.
External and internal shop just recently had new fit out.
New Branding and New Long 15 Year Lease PLUS more Options.
Propeety includes a separate house alongside the servo.
This alone is worth hundreds of thousands in this lovely idyllic resort touristy location.
Plus the 2 bedroom Unit above the shop.
Landlord owns new pumps and tanks.
Tenant maintains, repairs and replaces equipment pumps above ground.
General population of 1200 live in this scenic location and fills up to thousands during the busy summer season.
In Gippsland region. And generates a lot of fisherman throughout the year.
Current tenant owns and operates several petrol stations across Melbourne, Regional Victoria and QLD.
For more information on this great Commercial Investment Opportunity please contact Fay Medawar on 0400 565 668 or forward an enquiry.
