SOLD
SOLD
SOLD
SOLD
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SOLD

State of The Art Service Station – 15 Year Lease to 2035 plus Options to 2055

993-997 South Road (Corner Regent Street) , Melrose Park SA

Property Highlights

15 year lease
Options through to 2055
Homeward bound major Adelaide arterial
Register to Bid

Description

United Petroleum: One of Australia’s fastest growing national fuel & convenience retailers, 450+ sites
Prime corner opposite Castle Plaza Shopping Centre (Coles anchored including 65 shops)
Large 2,406sqm site with 90m corner frontage, just 6.5km to CBD
Highly visible site with dedicated turn-right northbound traffic lane
Castle Plaza Shopping Centre is located opposite and is anchored by Coles, Target and Drakes Supermarket together with 65 specialty shops
Near Bunnings, McDonald’s, KFC, Autobarn, Beacon Lighting, Supercheap Auto, Amart Furniture, JB Hi-Fi, Petbarn Wattyl Red Rooster, Spotlight, McDonalds, Hungry Jacks, Bridgestone, Yamaha, Tradelink, Battery Work and Ultra Tune
Long term potential upside with future scope to value add further (subject to relevant and council approvals)
Net income $334,744 pa (excluding of GST) (next review due March 2022)

Property Details

Listing
Sale
Occupancy Type
Service Station
Land Size
2,406 SQM
Building Area
1 SQM

Price

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