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1 Bristol Street
Berkeley NSW 2506
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Sold on 25 Oct 2016

1 Bristol Street Berkeley NSW 2506

  • Shop & Retail
  • Sold, $2,710,000

Metro Petrol. New 10 + 5 Year Lease. Fixed 5% Annual Increases.

New 10 year lease to September 2026 + 5 year option.
Established service station plus convenience store.
Adjoins Coles anchored shopping centre, Post Office and Hotel.
Metro Petroleum: the biggest and fastest growing independent petroleum company in NSW with approx 200 locations.
Berkeley: southern suburb of Wollongong on the shores of Lake Illawarra.
Lease requires tenant to pay outgoings.
Guaranteed rental growth, generous fixed 5% annual increases.
Anticipated high return - circa 7.5%.
Net Income: $222,004 pa + GST ($344,401 in 2025).

AUCTION

Auction date and time25/10/2016 11:00
Auction locationDoltone House Hyde Park

Property Highlights

Date Sold25 Oct 2016
Sold Price$2,710,000
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2013085890
Category
Last updated  25 Oct 2016
Map for 1 Bristol Street Berkeley NSW 2506

Nearest transport* to 1 Bristol Street Berkeley NSW 2506

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Property Highlights

Date Sold25 Oct 2016
Sold Price$2,710,000
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2013085890
Category
Last updated  25 Oct 2016

Co-Agents

Rhys Parker
Rhys Parker
Burgess Rawson Sydney
Call
0451 101 042
Simon Staddon
Simon Staddon
Burgess Rawson Sydney
Call
0413 640 851

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