Great Investment Opportunity Circa 8% Return
Tenanted Property – Petrol Station, Workshop, Dwelling with new Long Lease.
Shell Petrol Station with 3 Bay Workshop and Dwelling.
Located on Goulburn Valley Highway
Land Size: 2800 Square Metres
Asking $1,500,000 Negotiable
Secure Investment Opportunity. Secure Tenant.
Great Rental Return and Strong Lease Terms.
Modern Rebuild – Nothing to do!
Sale includes a Newly Upgraded and Modern Shell Petrol Station with all NEW Fitout.
Plus Fully Rebuilt Dwelling and Massive 3 Bay Workshop with own office/bathroom and parking.
All the work has been done.
Experienced tenant secured for long lease of 20 Years.
Total Rental of $109,200 Plus GST and 100% of all Outgoings from both Leases for 2023
– ($84,000 Petrol Station + $25,200 Workshop)
And from 1ST January 2024 Total Rental of $118,156.00 Plus GST and 100% of all outgoings.
-($92,400 Petrol Station + $25,756 Workshop)
Rental Breakdown:
– Rental Income of $84,000 Per Annum Plus GST from the Petrol Station and Residence
– New Lease commenced January 2023 for 5 Years Plus Further 5 X 5 x 5 Year Options
– Annual Increases 3%. – (Except in 2023 Rental will be increased by 10% to $92,400 Plus GST)
– 3 Months Security Bond Plus Rent in Advance
– Tenant Maintains and Replaces All Equipment including septic and fuel equipment.
– Plus Pays 100% of Outgoings and Rates.
Plus Rental Income $25,200 Per Annum Plus GST from the 3 Bay Workshop lease back for 2 Years by landlord.
(Vendor seeking long term tenant for the workshop hopefully)
The vendor has beautifully rebuilt the whole site – house, workshop, petrol station. Modern Fit Out .
Great Quality installations.
– All buildings have new Plumbing and Electricals,
– New Walls, Floors, Kitchen and Bathrooms.
– Fuel Equipment has all been tested and inspected with reports available.
– New Fuel Lines and Electricals installed for underground Fuel System. New underground communication lines.
– Tanks have been pressure tested and flush cleaned out. Upgraded Boswers.
– ESA Soil Report available.
– New Fibreglass Spel Tank for Stormwater
– New Concreting Surface for Forecourt and Parking areas
– Workshop has been upgraded to include Modern Reception and Staff Rooms with Own Kitchen, Storage and Bathrooms.
– All Beautifully Designed and Rebuilt.
