
Location:Sunshine Coast Sale Price:$10,471,000
Net Profit:$628,300 Return:6%
The complex features an initial 15-year lease to 2035 plus options to 2055 providing long term investment security.
The Ampol Service Centre is secured on an attractive Net Lease (tenant responsible for 100% of recoverable outgoings) which features fixed 3% annual rental increases.
The complex is situated adjacent to the Bruce Highway and appreciates excellent access and exposure to over 15,000 vehicles per day (5.5 million vehicles annually).
The complex comprises a modern 420sqm building plus 4-pump fuel canopy with 8 fuelling bays plus a separate truck pump station with a 4.9m canopy height. The complex features drive thru facilities, enabling potential complementary “fast food” use in the future. The Centre occupies a 6,319sqm site including extensive concrete hardstand surrounds, an air/water point, pylon signage and onsite parking for 20 vehicles
Key Investment highlights include:
- Near-new Ampol-branded Service Centre which opened 2020
- Long Term Lease Security – 15 year Net Lease to 2035 plus 4 x 5 year Options to 2055
- Attractive 100% Net Lease structure – tenant responsible for all outgoings including Land Tax
- Built in income growth – Fixed 3% pa rental increases
- Substantial 420sqm* Retail Complex + 452sqm* Fuel Canopies (including separate truck pump station)
- Prime 6,319sqm* site located in one of the main administrative and business hubs on the Sunshine Coast
- Excellent Exposure and Access to over 20,000*^ cars per day
- Easily Managed Asset – Single Tenant Investment
- Substantial Tax Depreciation Benefits
- Estimated Net Income – $628,300pa*