DA Approved Westside Service Station Site

Westside, 50% owned by Viva Energy
15 year AFL plus 4 x 5 year options
Highly exposed 2,024 sqm corner service station site
Agreement to Lease to Westside: now 50% owned by ASX listed Viva Energy an ASX listed $15.5 billion energy giant
VIVA Energy: the exclusive Shell licensee in Australia with a network of 1,000+ retail outlets
Prime corner position will capture high volumes of light & commercial vehicles
State-of-the-art design(ed) service station comprising 4 fuel pump islands, canopy, convenient store and restaurant
Tenant pays outgoings as per lease (ATL)
Fixed guaranteed rental growth – 3% increases
Net Income: $260,000 pa + GST