Metro Derrinallum Petrol Station, Convenience Store, Workshop, Shed and Dwelling, 9-15 Hamilton Highway, Derrinallum, Victoria
Investment Opportunity - High Return Between 8% - 8.5%
Petrol Station ,Convenience Store, Workshop and House – Over 2 Acres
Lease with Options till 2056 to Metro Fuel Group.
Modern and Upgraded site with very secure and long lease.
- One of Australias Largest Independent Fuel Group – Metro Fuel Group have the Head Lease.. Own over 300 Sites and Acquiring more nationally.
- Fibreglass fuel underground with 30 year warranty installed in 2018.
These two items are worth gold. You don’t have to worry about tenant leaving and/or not paying. Nor about having to replace old steel tanks.
Annual Rental of $122,987.12
15 Year Lease – commenced 1st December 2016 – 30th November 2031
Plus Further Options 5 x 5 x 5 x 5 x 5 Years
3% Fixed Increase Per Annum on 1ST December of each year.
Site Highlights:
- 15 year lease to 2031 plus options to 2056.
- Guaranteed income growth with 3% annual rent increases.
- Single tenant, minimum management investment.
- Town centre 8,094 sqm site with 80 metre frontage to Hamilton Highway,
- Main Arterial linking Melbourne and Geelong to Victoria’s Western Regions
- Tenant responsible for all usual outgoings as per the lease
- Significant site upgrade including New Tanks, New Lines, Pumps, Canopy Refurbishment.
- Full refurbishment of the internal convenience store from new floors to complete new Fitout. Completed November 2018
.- Secure and strong Fuel Company Metro Fuel as Tenant with Head Lease.
- Full Site Refurbishment of all underground and aboveground equipment and building.
For More Information or to book an inspection please feel free to contact me anytime.
Asking $1,500,000 – No GST Applicable.
50% off stamp duty at only 2.5%
Land Size: 8,094 Square Metres – 2 Acres
Site Includes – Petrol Station, Convenience Store, Shed, Workshop, Dwelling and massive vacant land at rear and side.