Treendale Central Grand Entrance Australind WA 6233
- 250 m²
- For Sale, Offers to Purchase Invited
BRAND NEW SERVICE STATION & DRIVE THROUGH COFFEE
- Net Income of $352,000 pa
- Significant 4,777sqm corner site
- 20 and 15 year lease terms
Lot 1, 157 Grand Entrance Drive, Australind The Vibe Petrol Station site, presents an outstanding opportunity to acquire a brand new fuel station and drive through café asset, in one of the highest growth regions in Western Australia.
Superbly located on the prime corner of Grand Entrance, the primary road entering the Treendale & Australind townships, the property has exceptional exposure and easy access for traffic in both directions.
A brand new 15 year lease to the Vibe Petrol station and 20 year ground lease to the drive through café, including strong, fixed rent reviews, will ensure a consistently increasing income stream is available to purchasers over the long term.
Australind, located 160km south of Perth, is the gateway to the globally famous South West region of Western Australia and adjacent to Bunbury, the second largest city in WA. Population growth continues to be some of the highest in nation, fueled by a range of industries including the major export facilities at the Port of Bunbury, agriculture, mining and tourism.
A range of projects planned for the region bode well for future growth, in particular the recently announced commencement of the $1 billion Abermarle lithium hydroxide plant in nearby Kemerton, the largest lithium processing plant in the world.
New 15 year lease to Vibe Petroleum with 3.25% fixed annual increases
New 20 year lease to Coffee with greater of CPI or 3% annual increases
Gateway entrance to Australind town centre and strong residential growth precinct
400metres to Treendale Shopping Centre, Woolworths, Bunnings, McDonalds and a range of commercial operators
Offers to purchase invited closing Wednesday 26th June at 4pm AWST
|Floor Area||250 m²|
|Land Area||4,777 m²|
|Parking||16 x Onsite parkings|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||5 Jun 2019|