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Brand New Development – Brand New 15 Year Lease To Westside Petroleum

226-242 Princes Drive, Morwell VIC

Property Highlights

Strategic Town Entrance Location

Fixed 3% Annual Rent Increases

Significant Tax Saving Depreciation

Description

Brand new 15 year lease to 2033 plus options to 2068.
Fixed 3% increases assuring growth.
Lessee pays usual outgoings as per the lease.
VIVA Energy: the exclusive Shell licensee in Australia with a network of 1,000+ retail outlets. Substantially owned by Vitol, a multinational energy
& commodities giant with turnover of $181 billion (2017).
Brand new dual canopy development providing substantial taxation saving depreciation.
Commanding 4,362 sqm site with 68 metre frontage to Princes Drive.
Strategic main road location surrounded by complementary automotive tenants and close to Mid Valley Shopping Centre the largest shopping centre in Gippsland – Woolworths, Coles and Bunnings.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $395,224 pa (April 2019).

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
4362 Squaremeter
Gross Building Area
624 Squaremeter

Contact Agents

Raoul Holderhead

+610 413 860304

Scott Meighan

0413 830 709

Jamie Perlinger

0413 860 315

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