This rare opportunity comprises two tenants, 7-Eleven service station/convenience store together with Car Wash Express, situated on a massive site of 4,800m2* and returning a current combined rental of $382,547.16 per annum plus GST. Offered for sale by way of Public Auction on Wednesday 1st November 2017 at 12 noon on site.
Property features include:
- Great anchor tenant 7-Eleven Stores Pty Ltd -Established in 1977, now comprising 620 * stores, the largest petrol & convenience store retailer in Australia, with revenues of $3.9 Billion together with an automatic 4 bay car wash operating as Car Wash Express
- Generous 73 metre* Mitcham Road frontage
- Sought after Mixed Use Zoning
- Substantial income with future development potential
- Leases to 2023 (including options in the Car wash lease)
- Annual rental reviews of 4% applicable to 7-Eleven lease
Conveniently located near the intersection of Mitcham Road and Springvale Road, the property is exposed to 23,000* vehicles passing daily (VicRoads Data 2016) and strategically positioned 900 metres* from Eastlink. Renowned Tunstall Square shopping centre is 1km* from the subject property and features well known traders Coles, Subway, Commonwealth Bank, Bakers Delight and Chemist Warehouse.
For further information, please contact Ian Angelico 0418336088 of CVA Property Consultants.