As New BP Service Station Leased to 2031
46 Bakewell Drive, Port Kennedy WA
New 15 Year Lease To 2031 Plus Options to 2051.
Guaranteed rental growth – Fixed Annual 3% Rent Increases.
Highly experienced BP operator with 6 sites in WA & 12 across the country.
Tenant pays all outgoings including Single Holding Land Tax and responsible for maintenance, repairs & remediation.
State of the art dual canopy development with high flow diesel and B-Double access, large convenience store (255sqm) plus 2 additional retail shops.
High profile, easily accessible corner site of 3,814sqm – gateway position to Port Kennedy Business Park anchored by Bunnings Warehouse & Trade Centre, Reece and Harvey Norman.
City of Rockingham: Rapid growth southern metro area, population set to double by 2036.
Significant taxation depreciation benefits – built 2016.
Total Rent: $359,000 pa