Trophy Fuel & Fast Food Asset with New 15 Year Lease
36 Chambers Flat Road, MARSDEN QLD
Description
– Secure brand new 15-year lease to Viva Energy Australia Ltd through to 2031 with options to 2046 – 850+ stores Australia wide
– Secure brand new 13-year lease to Hungry Jack’s Pty Ltd through to 2029 with options to 2046 – 370+ stores Australia wide
– Newly built in 2016 to Hungry Jack’s latest format as well as major refurbishment of the service station
– Large 3,783 sqm landholding with 87 metre frontage
– Recently redeveloped in 2016 – new format store designed to Hungry Jack’s corporate design as well as refurbishment of the Shell service station, including new double skin fibreglass tanks and the latest fuel delivery technology
– Rare lease structure with tenant having ownership and full responsibility of the tanks and all underground fuel equipment – latest fuel delivery technology and fully VR2 compliant
– Rental increases of 3% and 3.75% respectively
– Marsden: Thriving Logan City location situated only 30km south of Brisbane CBD
– Net Income: $431,400 pa (plus GST)
Auction 11am AEDT Tuesday 21st February 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney
Property Details