Stonebridge is pleased to present 7-Eleven anchored Service Centre, 10-12 Coburns Road, Melton South for sale via Expressions of Interest closing Thursday 18th April 2024 at 3pm (AEST).
The key highlights of the opportunity include:
- New Service Centre anchored by national tenants 7-Eleven (13 year lease), Ultra Tune (10 years) and Soak City Car Wash (12 years), providing more than 81% of the total income
- Strategically positioned 5,108 sqm* landholding on the cusp of Toolern PSP, delivering 24,000* new dwellings over the next 20 years
- Newly constructed (2022) Centre spanning 3,913 sqm*, offering strong depreciation tax benefits
- Prime location close to Western Freeway and near national retailers, Coles, McDonalds, and Subway
- City of Melton is Australia’s fastest growing municipality with population projected to grow from 205,867 residents today to 440,142 by 2051, and ultimately over 500,000, larger than the current population of Canberra
- 100% leased with an attractive combined WALE of 10.8 years*
- Net Income - $709,778 p.a.* + GST
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Approximately*
Property Code: 920