As new service station investment.
Leased to Caltex Australia on 12 year lease expiring November 2025 plus options to 2040.
High profile location on busy new England Highway.
Major commercial, retail and trade location containing Harvey Norman, Domayne, Spotlight, Fantastic Furniture, McDonald’s, Oporto, Nick Scali, BWS, Supercheap Auto.
Large 3,123 sqm site with corner exposure.
Tenant pays all outgoings including land tax and insurance.
Annual rent increases of between 2% and 4%.
Substantial tax saving depreciation benefits.
Net Income: $303,052 pa (as at 18/11/16).