Great Investment Opportunity in Beautiful Coastal Geelong Region – 5% Return on Investment.
Victorian Coastal Town Growing Local Population and Busy Tourist Location.
Secure Tenant – Fuel Group with Multi Petrol Station Sites.
Long Lease and Prime Location make this an ideal investment.
Branded Petrol Station and Convenience Store and Workshop/Mechanic
Located on Main Highway
Population: 12,380 (2016)
Land Size: 2940 Square Metres
Zoning: Commercial
Traffic Count: Over 17,000 Vehicles
Asking: $3.38 Million – $3.48 Million Or Nearest Offers
Total Rental Income of $170,000 Per Annum Plus GST and Outgoings paid by tenants.
Petrol Station is Leased to a prominent Fuel Group with initial term of 15 Years plus more options.
The workshop/Mechanic is leased out to local mechanic who has longstanding customer base.
- Rent Income from Petrol Station – $150,000 Per Annum Plus GST and 70% Outgoings
- Lease of 15 Years Plus Further Options of 5 x 10 x 10 x 10 Years
- 3 Months Security Bond Plus One Months Rent In Advance
- New Lease commenced September 2020
- 3% increase will apply September 2021
- Rental Income from Workshop – $20,000 Per Annum Plus GST and 30% Outgoings
- Lease Term of 3 x 3 x 3 Years
3 Tanks:
PULP. – 27,600 Litres
DIESEL. – 10,000 Litres
DIESEL. – 10,000 Litres
Well Maintained Site with Modern Pumps and Fit Out.
Very busy Fuel and Shop Sales.
Longstanding Mechanic and Workshop
Potential to add more retail/storage/warehouse and increase your rental returns.
For More Information Please Send Me An Enquiry and Note: Investment Geelong Region