64 Church Street Glen Innes NSW 2370

High Yield Refurbished Service Station 8% Return

Burgess Rawson is excited to present an exceptional investment opportunity, exclusively available in the market. This property offers a secure and profitable lease agreement, licenced Wave Petroleum to Caltex. Discerning investors can expect substantial returns and long-term stability from this outstanding opportunity.

Wave Petroleum bring with them a commendable five years of valuable operator experience within the industry. Currently, they efficiently oversee the operations of three distinct sites, showcasing their adept management skills and dedication to providing exceptional service.

The Service Centre has undergone a complete rebuild in 2022 which now showcases a modern centre. Located on a corner highway site gives high profile visibility and traffic to ensure continuing excellent trade. Great Value regional asset with long term growth and sustainability.

Highlights:
- Land Size: 1754sqm
- Building Size: 187sqm
- R1 - General Residential Zoning
- Net Rent $168,000 per annum
- 4% or CPI whichever is the greater Annual Increases
- 10 year lease with further options
- 100% outgoings paid by Lessee

Glen Innes is a picturesque town celebrated for its rich Celtic heritage and captivating landscapes. As the administrative centre of the Glen Innes Severn Shire, it exudes a unique charm with its historic buildings and warm community atmosphere.

Lessee: Wave Petroleum - Licenced to Caltex
Lease Term: 10 years
Lease Commencement: 27 February 2023
Lease Expiry: 26 February 2033
Further Options: 5 years plus 2 x 5 years
Increases: 4% or CPI whichever is the higher per annum

Net Income: $168,000 per annum

For more information, please reach out to Guy Randell on 0430 272 999 or Kieran Bourke on 0417 418 007.