Stonebridge is pleased to present 'Mobil & Zarraffa's Hervey Bay' for sale via Immediate Offers to Purchase.
The asset has the following key investment features:
- Mobil (Pearl Energy) - Secure 15 year net lease to 2036 + options to 2066 with uncapped CPI annual increases
- Established, premium fuel and convenience retailer rapidly expanding with 153+ locations nationally
- Zarraffa's Coffee - Secure 15 year net lease to 2036 + options to 2066 with CPI annual increases (minimum 3%)
- Successful 15 year Hervey Bay track record, proven national tenant & pioneer of coffee drive thru's with 80+ outlets across Australia
- Prominent 2,228 sqm 'gateway' site on bustling Boat Harbour Drive, a blue chip retail thoroughfare carrying 20,817+ vehicles daily
- Boat Harbour Drive - retail 'magic mile' home to Bunnings, KFC, McDonalds, Hungry Jacks, Dan Murphy's plus Coles & K-Mart anchored Stockland Shopping Centre
- Newly developed in 2022 providing outstanding depreciation benefits and latest underground fuel infrastructure
- Well configured convenience retail & fast food site - 16 car parks, drive-thru and important heavy vehicle/truck manoeuvrability lane
- Hervey Bay - World renowned tourist destination and focal point of Fraser Coast region, trade catchment 107,000+ & 4.3 million visitors annually, experiencing significant population growth
- Net Leases - tenants pay all usual outgoings
- Leases secured by 3 month Bank Guarantees & Directors Personal Guarantees
- Net Income $504,586 pa* + GST
'Mobil & Zarraffa's Hervey Bay' is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 1317