Great return of 6.9% approximately
near new 5 year leases plus options.
BP Independent: One of the best fuel retailers in Australia.
The tenant responsible for all usual outgoings, structural works, maintenance and repairs.
Guaranteed rental growth with 3.0% increases annually.
Valuable land holding of 3253 sqm in high density B5 Commercial.
Near new shop and pumps, strong retail shop sale, 40,000 vehicles passing daily.
2 separate and extremely busy business
Tenant one: BP2GO – Rent $126,000.00 per year + GST with 3% increase annually, 5 years plus two x5 years option.
Brand new pumps just installed, underground tanks and all the lines have been tested recently. Business growing day by day.
Tenant two: ALFA CARWASH - rent $115,927.33 per year + GST 3% increase annually, 5 years plus two x5 years option.
Combined income of both tenancies is $241,927.33
All the plant and equipment are owned by the landlord included in the sales price refer to inventory list.
BP will make a new branding and face lifting to the site in the coming week, which include new branding to the internal and external of the shop areas, Canopy and forecourt area inside out. include new logos and images.