Caltex Mallacootta, 89 Betka Road Mallacootta, Queensland
Investment Opportunity at 8% Return on Investment
Long Lease 15 Years Plus Options.
100% of Outgoings Paid By Tenant
Caltex Mallacootta - Victoria
A great investment opportunity. Petrol Station, House and Unit.
Newly upgraded and refurbished petrol station in lovely Mallacootta Victoria – Gippsland Region.
External and internal shop just recently had new fit out.
New Branding and New Long 15 Year Lease PLUS more Options.
Land Size: 1417 Square Metres
Asking Price:$1,200,000.00 - $1,240,000.00 Million or Best Nearest Offers.
This is at a strong 8 % return on investment - new long 15 year lease, the location and value of land and housing in that resort location.
- Recently redeveloped the fuel infrastructure – New pipes, lines and bowsers.
- New Aboveground Tank. Landlord spent over $700,000 on all new works and fit out.
- Refurbished and rebranded the showroom, convenience store
Rental Income: $97,102.00 Per Annum Plus GST and 100 % Outgoings as of 1st August, 2025.
The best thing about this opportunity is that it is a brand new lease of 15 years plus 10 x 10 year options.
New lease started August 2024
- Annual Increase of 3.3% PLUS GST every 1st August.
- 100% Outgoings paid by tenant (except land tax)
- Tenant maintains all equipment and replaces all above ground and maintains it.
- Daily Dips are done by the tenant to check tanks and SIRA reports provided to the landlord to confirm tanks in good order.
- A soil report and Tank testing was all done. See attached lease has all the reports.
There is a separate house also included in the sale. This alone is worth hundreds of thousands in this lovely idyllic resort touristy location.
Plus the Shop with 2 bedroom unit above also.
Landlord owns new pumps and tanks.
Tenant maintains, repairs and replaces equipment and pumps above ground.
Mallacootta is an extremely popular and busy town with tourists flocking from October – April and with no rentals or accommodation available without booking months in advance.
Located in the best part of Gippsland region, it generates a lot of fisherman throughout the year as well.
General population of 1200 live in this scenic location and fills up to thousands more during the busy summer season.
Steel underground tanks and one new aboveground Diesel tank on site.
Testing done last year to confirm all underground is in good working condition.
Current tenant owns and operates several petrol stations across Melbourne, Regional Victoria and QLD.
Tenant has provided a rental security bond and has provided a personal guarantee on the lease to provide more security to the landlord.
Tank and Capacity:
Above ground
11,600 Litres Diesel
Underground
5,140 Diesel
10,738 Regular UP
4,500 Premium ULP
11,540 Regular ULP
Please feel free to contact me for further information. or to book an inspection.
