SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Prime Metropolitan Service Station Investment

1202-1204 Mountain Highway , The Basin VIC

Property Highlights

Brand New 15 Year Lease
Rare Triple Net Lease
Fixed 3.5% Annual Increases

Description

Brand new 15 year lease to 2031 plus options to 2051
United Petroleum: The largest independent fuel retailer in Australia
Rare triple net lease terms with the tenant responsible for all usual outgoings, structural works, underground repairs and remediation
Guaranteed rental growth with attractive 3.5% increases annually
Modern improvements including convenience store, canopy, 4 bay car wash and dog wash plus on-site parking
Prominent 2,023 sqm corner landholding with 87 metres total frontage
Premium Commercial 1 Zoning
Mountain Highway: a busy main road linking Eastlink and booming residential growth suburbs of South East Melbourne
The Basin: Located at the foot of the Dandenong Ranges, adjoining Boronia and Kilsyth – 30km to the CBD
Part of the established City of Knox – a major economic force and home to over 155,000 residents
Rent: $250,000 pa

Auction 11am AEST Wednesday 17 May 2017
River Room, Crown Casino, Melbourne

This property is offered as part of a Portfolio of 3 United Petrol Investments with the additional 2 in the following locations; To Be Sold Separately.

Launceston TAS, 129 Invermay Road
Wyong NSW, 359 Pacific Highway

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,023 SQM
Building Area
187 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights