Entry Level Service Station Investment – $500k Price Bracket
2 Opal Street , Tingha NSW
Property Highlights
Circa 9% Yield
10 year lease
Metro Petroleum
Description
10 year lease to May 2028 + options to 2043
Metro Petroleum: Company Head Lease
Metro Petroleum – 200+ locations across NSW
Substantial 2,023 sqm site comprising service station and convenience store with recent upgrades done by the tenant
Recent environmental reports available
Tenant responsible for majority of outgoings
Tingha: a town within the Armidale Region with a population of 29,449
Estimated Net Income: $45,364 pa + GST
Deadline Private Treaty
Offers Closing 4pm AEST
Friday 9 August 2019
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
2,023 SQM
Building Area
1 SQM