Freehold Property Investment In South Gladstone, Qld

Excellent opportunity to invest in a Freehold Property with Metro Petroleum (Tier 1 Service station Operator) as tenant , in South Gladstone, QLD

1SELL Listing Number : 1AU084

Property Features:

Asking Price $1,250,000
Landlord friendly lease with current rent: $112,000 PA + GST + Outgoings
ROI: 9% yield
Yearly Increment: CPI fraction Brisbane.
Lease expires 30/11/2026 + 15 years Options (5 + 5 + 5)
Land size: 1,925 SQM approximately.
Built up area over 500 SQM.
Gladstone as truck stop
Metro service station along with warehouse rented at $112,000 + GST + Outgoings
Fiberglass underground tanks and updated UPSS, with baseline underground maintenance done by tenant
100% Outgoings paid by tenant
Metro Petroleum has one of the largest independent service station networks in Australia, with over 400 service station outlets across NSW, Victoria, and Queensland. Proudly and fully Australian owned; Metro Petroleum has been operating service stations retails for the past 40 years.
This is great opportunity for an astute investor to acquire a property with good yield, reliable rental income & Tier 1 tenant.

Note: Only property for sale, not the business.

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.