Great Investment Opportunity – 8% Yield ROI
Petrol Station with Convenience Store with Long Lease
Total Rental Income just over $85,000 Per Annum plus GST and Outgoings.
Located in a growing area of Outer Melbourne with population growth and residential developments in the area.
The area is also popular with tourists as it is the Heart of the Puffing Billy Train Station.
Head Lease with Major Fuel Company – for 15 Years ( 3.9 Years already used up ) plus further 5 options of 5 Years (Total 36 Years)
A Triple AAA Credit company with over 280 petrol stations and growing Australia wide.
Fully Refurbished and Redeveloped site with New Underground Tanks, New Pumps, New Shop Fitout Internal and External Fit Out.
The business is experiencing strong growth and sales. Tenants are extremely happy with progress.
Rental payment is $65,563.00 PLUS GST Per Annum at the moment, with another 3% (fixed) increase on the 10 July 2021
Tenants pay all outgoings but land tax and building insurance paid by the landlord. (Ins $3400. Land Tax Land tax $575 on single holding basis, or $1788.50 at the moment.)
Plus A new Lease of $20,000 Plus GST Per Annum for Heavy Vehicle Storage on the block – 3 Year Term commencing April 2021
550 Square Metre section belongs to the landlord and is not part of the leased area
Landlord has plans for townhouse STCA – or you can subdivide and sell off.
Priced at $1.2 – $1.25 Million For Land, Building, Investment.