Stonebridge National Investment Sales is pleased to present to the market, Mobil (Pearl Energy) & Zarraffa's Hervey Bay, for sale via Expressions of Interest.
The asset has the following key investment features:
- Mobil (Pearl Energy) - Brand new 15 year net lease to 2036 + options to 2066
- Established, premium national fuel & convenience retailer projected to rapidly grow to 100+ locations nationally by 2023
- Zarraffa's Coffee - Brand new 15 year net lease to 2036 + options to 2066
- Successful 12 year Hervey Bay track record, proven national tenant & pioneer of coffee drive thru's with 70 outlets across Australia
- Prominent 2,228 sqm 'gateway' site on bustling Boat Harbour Drive a blue chip retail thoroughfare carrying 19,471 vehicles daily
- Boat Harbour Drive retail 'magic mile' home to Bunnings, KFC, McDonalds, Hungry Jacks, Dan Murphy's, Supercheap Auto, BCF & major Stockland Shopping Centre
- Well configured convenience retail & fast food site - 16 car parks, drive-thru and important heavy vehicle/truck manoeuvrability lane
- Brand new improvements providing optimal depreciation benefits
- 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 (including 79% of Land Tax)
- Leases secured by 3 month Bank Guarantees & Directors Personal Guarantees
- Annual rent increases in line with CPI
- Net Income $444,851 pa* + GST
*Approximate
The Investment is for sale via Expressions of Interest closing Thursday 7th July at 1pm.
Please contact the exclusively appointed Stonebridge property professionals for more information.
