Shell service centre on offer

Wednesday 6 February 2019

A blue-chip Shell service service centre with an environmentally friendly canopy and two shops, Fresh Trading Co and Gloria Jeans, is for sale.

Burgess Rawson director Jamie Perlinger said the complex, at 472-480 Great Eastern Highway in Ascot, is on a 6,306 sqm corner site in the airport precinct.

It has a billboard leased to QMS Media, 10 refuelling bays, a truck canopy with seven high flow diesel bays and B-Double truck access and 18 car bays.

“This is an extremely rare new service centre investment opposite a major domestic and international airport, offering substantial depreciation benefits,” he said.

He said investors were drawn to fuel investments particularly those on ‘future proof lease structures’ with tenants on long-term leases.

Fresh Trading Co has a 15 year lease with options to 2054, on a net rent of $995,000 a year.

Gloria Jeans (owned by Retail Food Group) had a 10 year lease with options.

QMS Media had leased the billboard for 10 years with options to 2049 paying rent of $90,000 a year.

All three were on fixed 3 per cent annual rent reviews.

Expressions of Interest close on March 13.

To find out more about the properties in our portfolio, and how we can help you with sales, leasing and property management services, please contact us.

Written by Helen Shield, Western Australian