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50 Arve Road
Geeveston TAS 7116
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Sold on 28 Jun 2024

50 Arve Road Geeveston TAS 7116

  • Shop & Retail
  • 151 m²
  • Sold

Circa 10% Yield | Strategic Freestanding Fuel and Roadhouse

    Burgess Rawson is pleased to offer to the market, 50 Arve Road, Geeveston TAS for sale via our Investment Portfolio Auction 169.

    This opportunity has the following key investment highlights:

    + Brand new and secure 10-year lease to proven roadhouse operator from 2023 through to 2033 plus options to 2043.
    + Separate lease to Bennetts Petroleum to 2024 plus options through to 2030 with all fuel infrastructure above ground.
    + Bennetts Petroleum: Tasmania's largest Ampol distributor and multi site operator with 16+ sites in operation.
    + Favourable rental reviews: annual CPI reviews and fixed 3% increases.
    + Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates and single holding Land Tax.
    + Strategic 866 sqm* site with 30 metres* of frontage to Arve Road which connects to the Huon Highway the major highway link between Hobart and the Huon Valley.
    + High Yielding, superb entry level asset, minimal management commercial investment.
    + Geeveston: One of the worlds most important apple and fruit growing regions and on the route to one of Southern Tasmania's most popular tourist attractions, the Tahune Airwalk.
    + Tasmania: Leading the nation , ranked #1 in key economic indicators in CommSecs's latest State of the States report***
    + Net Income: $45,250 pa + GST

    For Sale by Investment Portfolio Auction
    10:30am (AEST) Wednesday 26 June 2024
    Crown Casino, Melbourne

    AUCTION

    Auction date and time26/06/2024 10:30
    Auction locationCrown Casino - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold28 Jun 2024
    Floor Area151 m²
    Land Area866 m²
    ParkingAsk Agent
    Property ID2019277911
    Category
    Last updated  9 Jul 2024
    Map for 50 Arve Road Geeveston TAS 7116
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold28 Jun 2024
    Floor Area151 m²
    Land Area866 m²
    ParkingAsk Agent
    Property ID2019277911
    Category
    Last updated  9 Jul 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Burgess Rawson VIC Pty Ltd
    Call
    0417 979 194

    More about 50 Arve Road Geeveston TAS 7116

    50 Arve Road Geeveston TAS 7116 is categorized as Shop & Retail Property. It has a floor area of 151 m² and a land area of 866 m². The listing ID for this property is 2019277911.

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