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Investors! Freehold Service Station Near 8% Return PA

$2,050,000

NSW North Coast Region, New South Wales

Investors! Freehold Service Station Near 8% Return PA

Offers Over $2,050,000.

Link Business is pleased to present the opportunity to acquire the freehold sale in Glen Innes. This is an independent service station (Major Brand) in a 2,030 square meter corner block of land on major New England highway with in city limit underpinned by a long 5years lease plus 8 of 5 years options with a stable and strong tenant.

Investment highlights include:
• Independent service station
• Massive 2030 square meter land
• Located approximately 300m from Glen Innes CBD
• Glen Innes has grown exponentially in the past decade
• Significant 2,030 sqm* site with enormous development potential (STCA)
• Unrivaled connectivity to major arterials goes to Brisbane, Sydney
• High exposure (approximately 40meter plus frontage).
• Big site for easy access to trucks
• All the Pumps owned by landlord - 4 under canopy and 1 open for big trucks
• Secured income growth with fixed annual rental increase
• Current estimated Net Income by rent $162,422 p.a. + GST + Outgoings
• Invest for the long term and re-develop for the future
• Photos will be sent to serious buyers by email
• Good local tenant with great history

Tanks were reinstalled in 2015 fibre glass and capacities are:
• ULP: 24,200 litres
• 95: 13600 litres
• E10: 25200 litres
• 98: 13600 litres
• Diesel: 28000 litres

Lots of Potential for Growth for a business savvy owner operator
• As the property is huge, easily add big super market like IGA or Food works (STCA)
• Carwash (STCA) is good option as it is on Highway
• Liquor store (STCA) is also a good option
• All these will certainly increase the revenue, subject to existing tenant approval for expansion.

​Offers Over $2,050,000
Listing ID: NSW09962

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09962

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
Ref: NSW09962
Timestamp: 20210722030109

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Last updated: 29th July 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 NSW North Coast
State
 New South Wales
Price
$2,050,000
Category
  • Service Station

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Agency

Contact

Gilraj Venkatappa