New 10 Year Lease to United Petroleum – High Yield Anticipated

33 Main Road, Wivenhoe TAS

Property Highlights

Brand New 10 Year Lease
Strategic Corner - Bass Hwy Exposure
Suits $500,000 Plus Buyers

Description

+ Long established service station operation
+ An affordable investment starter opportunity
+ Brand new 10 + 5 + 5 year lease from 1 October 2019 to 30 September 2039
+ Annual CPI plus market rent reviews
+ Highly visible 880 sqm corner site with 300 sqm building
+ Strategic position main gateway to Burnie’s industrial and commercial precinct with important Bass Highway exposure
+ Environmental Protection Authority Certificate of Compliance issued
+ New high flow diesel installation lines & pumps recently installed at United Petroleum’s expense plus recent building maintenance upgrade of $60,000 approx. plus building maintenance upgrade costing $32,820
+ Close to Bunnings and within emerging popular restaurant locale with sea views
+ Burnie: Major regional centre: Tasmania’s busiest sea port, education hub, essential health services & growing tourist/cruise ship destination plus agriculture and forestry, trade catchment circa 50,000
+ Net Income: $53,668 pa + GST

For Sale by Auction
11am Wednesday 11 December 2019
Crown Casino, River Room, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
880 SQM
Building Area
330 SQM

Contact Agents

Al Bogdani

0413 830 707

Contact Me

Graeme Watson

0419 717 171

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