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).