Brand New Service Station - 10 + 10 Year Lease To Coles Express
Brand new 10 year lease to Coles Express (Wesfarmers Ltd) to 2028 plus 10 year option to 2038.
$10k annual rent increases first 4 years – lesser of 3.5% or 5 times CPI thereafter.
Lessee pays all usual outgoings including single holding Land Tax.
Coles Express: growing subsidiary of Coles Group Limited with 685 outlets. Wholly owned by Wesfarmers Limited – a top 10 ASX company.
High profile gateway corner of 3,036 sqm with 111 metre total frontage – 13,000+ vehicles passing daily.
Potential value add opportunity via negotiation with tenant to surrender surplus land.
Important Mixed Use Zoning...
Expressions of Interest
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