New 10 Year Lease, Fixed 3% Increases – Circa 7% Net Yield Anticipated

9/157-159 Edith Street , Goondi Hill QLD

Property Highlights

New 10 year net lease
3% increases + depreciation benefits
Circa 7% yield anticipated
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Description

Secure 10 year company lease to until 2031 + options to 2051
Metro Petroleum (Dib Group) with strong circa 200 network
Fixed 3% annual rental increases
Tenant pays outgoings as per the lease
Depreciation benefits
State-of-the-art new concept Metro Petroleum including Mr Whippy & Cold Rock Ice Cream
Large canopy + immaculate convenience store with ATM
Innisfail: coastal hub between Townsville & Cairns
Prime Bruce highway frontage at the gateway to the CBD
Shed with roller door access included in the sale
Net Income: $251,000 pa + GST

For Sale by Auction
Tuesday 22 June at 11am
Yallamundi Rooms, Sydney Opera House

Property Details

Listing
Sale
Occupancy Type
Service Station
Land Size
856 SQM
Building Area
1 SQM

Price

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