Location：Queensland Sale price：$7,945,000
Net Profit：$476,700 Return：6%
The complex comprises a modern 396sqm building plus a 4-pump fuel canopy with 8 fuelling bays. The Centre occupies a high exposure 3,051sqm site and includes extensive concrete hardstand surrounds, an air/ water point, pylon signage and onsite parking for 13 vehicles.
The Mobil Service Centre occupies a high-profile, high exposure location on the eastern side of the Bruce Highway
The Property comprises a near-new Mobil-branded Service Centre leased by Fresh Trading Co on a long term 15-year Net Lease with options to 2056.
Key Investment highlights include:
- Near-new Freestanding Mobil-branded Service Centre which opened 2021
- Long Term Lease Security – 15 year Net Lease to 2036 plus 4 x 5 year Options to 2056
- Attractive 100% Net Lease structure – tenant responsible for all outgoings including Land Tax
- Built in income growth – Fixed 3% pa rental increases
- Substantial 396sqm* Retail Complex + 288sqm* Fuel Canopy
- Prime 3051sqm* corner location on the Bruce Highway (M1) with excellent exposure and access to 17,000*^ cars per day
- Easily Managed Asset – Single Tenant Investment
- Substantial Tax Depreciation Benefits
- Estimated Net Income – $476,700pa*