Freehold Service Station Plus Tyrepower and Workshop | Proserpine
Over 7% Yield – Service Station Investment Property – Prime Real Estate
FREEHOLD SERVICE STATION Plus TYREPOWER and WORKSHOP
Located in one of the best-known holiday destinations in Queensland.
Security of a recently signed service station lease to Metro Petroleum. Tenanted property includes additional building space currently branded Tyrepower and a local mechanical workshop.
Today, Sydney based Metro Petroleum is one of the largest independent franchises in Australia recognised by the banks, with over 200 sites and growing.
The proposed Service Station Investment Property is situated on a corner of the main arterial road with over 50m of street frontage.
Metro Petroleum is undertaking a face lift, providing a ‘fresh look’ inside and out with new facia, LED signboard and pumps.
Service Station – Metro Petroleum
New 10 year lease signed in September 2016
2 x 5 year options
$69,000 p.a rental (+ GST and Outgoings)
5 year lease signed in March 2016
+ 5 year option
$43,200 p.a rental (+ GST)
Worked from the premises for 10+ years
No current lease in place
$16,600 p.a rental (+ GST)
Total approx. rental annual income $128,800
Owner seeking expressions of interest at a 7% return.
Freehold Service Station investments are ‘hot property’ with no signs of slowing, contact me today to find out how you can take advantage of this opportunity.
Contact Benchmark Business Sales and Valuations today to find out more – 1300 366 521
0432 906 946