SERVICE STATION INVESTMENT
The property is located in the commercial precinct of West Perth, on the corner of Vincent Street, Fitzgerald Street and Eden Street, approximately 2 kilometres west of the Perth CBD.
The property had difficult contamination issues which complicated the sale. As agents, we required detailed knowledge of the relevant legislation to find a path for the buyers and financiers to settlement.
Leased investment. Major development options on lease expiry. Corner lot with three street frontages.
• Future multi-level mixed-use redevelopment potential
• 10 year lease to Puma Energy exp Dec 2026 plus options
• $258,750 p.a. net income
• 3.5% annual increases
• High profile corner location with 33,460 traffic count
|Sale Date:||6 June 2018|
|Net Income:||$258,750 pa|
|Yield – passing:||6.4%|
|Sale Process:||Sold by Private Treaty to Private Investor|