Tenanted Site to Major Independent Fuel Group
Investment Opportunity with High Return
Circa 8% - 8.5% ROI
Modern Petrol Station - Fully Upgraded - New Fibreglass Tank
Massive Block with Modern Fit Out
Metro Derrinallum Petrol Station , Convenience Store, Workshop, Shed and Dwelling,
Located on Hamilton Highway,
Derrinallum. Victoria
Land Size: 8,094 Square Metres 2 Acres
Site Includes Petrol Station, Convenience Store, Shed, Workshop, Dwelling and massive vacant land at rear and side.
Rental of $119,405.04 Per Annum
Plus GST and Outgoings
15 Year Lease
Commenced 1st December 2016 30th November 2031
Plus Further Options 5 x 5 x 5 x 5 x 5 Years
3% Fixed Increase Per Annum on 1ST December of each year.
Site Highlights:
- 15 year lease to 2031 plus options to 2056.
- Guaranteed income growth with 3% annual rent increases.
- Single tenant, minimum management investment.
- Town centre 8,094 sqm site with 80 metre frontage to Hamilton Highway,
-Highway links Melbourne and Geelong to Victoria's Western Regions
- Significant site upgrade including New Tanks, New Lines, Pumps, Canopy Refurbishment.
- Full refurbishment of the convenience showroom with addition from new floors to complete new Fitout.
Completed November 2018
.- Secure and strong Fuel Company Metro Fuel as Tenant with Head Lease.
- Full Site Refurbishment of all underground and aboveground equipment and building.
For More Information or to book an inspection please feel free to contact me anytime.
Fay Medawar on 0400 565 668
