44,000+ REASONS TO REFUEL YOUR PORTFOLIO

Private Sale by Closing Date – Leased Investment - Lot 1/893 Wellington Road, Rowville

Investment opportunity, Retail, Industrial, Showroom

Overview
Property ID: 18715
Price: Contact Agent
Rent: $211,470 (ex. GST)
Building: 300m²
Land: 3,498m²
Zoning: Commercial 2 Zone
Closing
28/10/2021 02:00 PM
Add to Calendar 28/10/2021 02:00 PM 28/10/2021 02:00 PM Australia/Melbourne Private Sale by Closing Date – Leased Investment - Lot 1/893 Wellington Road, Rowville 44,000+ REASONS TO REFUEL YOUR PORTFOLIO Ian Angelico [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960
Description

POINT OF INTEREST:
Investments of this calibre are hard to come by in this tightly held Rowville pocket, but for the first time in over 16 years, this iconic opportunity has presented itself for a new owner to refuel their portfolio.

For Sale by Closing Date Thursday 28th October at 2pm

Leased and now branded as Astron, part of the United Petroleum Group – one of Australia’s leading independent fuel retailers with over 450 sites – a net rental return of $211,470 per annum ensures a strong return on your investment, and as the only petrol station servicing the 44,000+ daily passing vehicles between Eastlink and Stud Road, you can rest assured that this property’s 61 metres* street frontage draws customers for the tenant – and security for you – for years to come.

THE INVESTMENT:
- Currently tenanted and operating as Astron part of United Petroleum returning $211,470 p.a net
- Five year lease commenced 1st December 2019
- 5 further terms of 5 years
- Annual CPI increases, market review at the options.
- Director's guarantees
- Net return,Tenant pays all outgoings including Land tax (single holding)

THE SITE:
- Total site area of 3,498 sqm*
- Petrol station, convenience store 130 sqm* and mechanical workshop 170 sqm*
- 61 metres* street frontage to major eastern arterial road
- Accessed via service road
- 1.1 km* from Eastlink
- 500 m* to Stud Road
- 1.5 km* from Stud Park Shopping Centre
- Neighbours include The Stamford Hotel, Zap Fitness, Wilson Storage and Darrell Lee Chocolates.

POINT OF VIEW:
With 450 sites across the country and over 2,500 employees - uniting with United Petroleum is a top-tier opportunity to capitalise on!

Additional Info
Features
TenancyBradana Pty Ltd trading as Astron (part of the United Petroleum Group).
Lease Term5 years, with 5 futher terms of 5 years
Commenced1st December 2019
Rent ReviewCPI annually, market value at option.
Bond/GuaranteesDirectors guarantees
Outgoings Payableby tenant per lease
Air ConditionerStore
AvailabilitySubject to lease
Car Parking FeesNA
ConditionVery Good
FloorsConcrete
LiftsNA
Roller DoorsTo workshop
SprinklersNA
Wheel Chair Accessyes
ZoningCommercial 2 Zone
Outgoings
Agent Details
CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

CVA Property Consultants - Jarrod Moran

Jarrod Moran

M | 0413 251 621
T | (03) 9623 2589
E | [email protected]

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