Established Service Station Investment – Leased to 2031 Plus Options
734 Marion Road , Marion SA
Property Highlights
No Stamp Duty Applicable
Fixed 3.5% Increases
Tenant Pays Usual Outgoings
Description
Long 15 year lease to 2031 plus options to 2051
Leased to Liberty Oil: 50% owned by VIVA Energy
VIVA Energy: the exclusive Shell licensee in Australia with a network of 850+ retail outlets. Substantially owned by Vitol, a multinational energy & commodities giant – with revenue of $168 billion in 2015
Fixed 3.5% increases / Tenant pays usual outgoings except Land Tax
Prominent 2,862 sqm site with high profile retail frontage of 54 metres
Refurbished convenience store, new fuel pumps and lines, canopy upgrade with Liberty corporate branding
Marion: metro growth location just 9 kms south west of Adelaide CBD, 47,000+ vehicles passing daily along Marion Road
Net Rent: $286,140 pa (November 2018)
Property Details
Listing
Sale
Current Tenant
Tenanted
Land Size
2,862 SQM
Building Area
330 SQM