An opportunity exists for an investor to acquire a service station with a new long-term lease in a busy community centre. The property is situated on a land area of 848sqm* and has great exposure on the corner of Sylvia Street and Hillsborough Drive.
This prime lot is zoned "Local Centre" and has multiple potential uses including fast food outlet, medical centre as well as it's current use, service station.
The tenants are taking full responsibility for all capital items including structural repairs and the maintenance of the tanks for the full period of the current lease, offering a Buyer peace of mind.
- Part of a busy Community Centre
- Central Nollamara location
- Great exposure
- Fuel tanks - checked - 100%
- Fuel lines - Replaced - 100%
- Environmental Report - No contamination
- Tanks & lines are long term responsibility of tenant
- Lease: $150,000pa + GST + outgoings
- Rent reviews: CPI + 0.5%
- Guarantee: 6 months bond
- Term: 12 years plus (4) 5-year options
Vibe Petroleum is a privately-held independent petroleum company primarily operating in Western Australia, thriving to be the best in the customer services sector. With 24 open Vibe locations and many more Vibe's coming soon, Vibe gives motorists a great "vibe" every time they step into their stations.
For further information or to arrange an inspection please contact:
M: 0478 611 168