A very secure service station and retail investment at the entry to the most popular South West city. Developed in 2017-2019, tenancies include a Caltex Service Station, Kwik Koffee (Yahava) drive-through and a local fresh produce business, Western Growers Fresh. Total annual income from rent, solar power and tenant refurbishment loans is currently $708,331.76 and adjusted annually (March and May).
Located on a land area of 9421sqm boasting a 3 street frontage, the property enjoys the benefit of a large volume of passing traffic daily.
Busselton is the second city of South West WA and is the gateway to one of the most sought after areas in Australia. Renowned for its Margaret River wine branding, the area is also home to some of the nation's best surfing locations, widespread cave systems and unbelievable food produce.
The South West is a lifelong favourite tourist and holiday destination and 99 Causeway Road is right on the gateway to this region. The soon to be completed Bunbury By-Pass Road and the duplication of the Bussell Highway between Busselton and Bunbury will shave significant time from vehicle travel from Perth. The interstate flights from Busselton to Melbourne has swelled visitor numbers even further.
The property is offered For Sale at the asking price of $9,900,000 (as going concern) to show an initial yield of over 7%.
