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Freehold only - approx 8.47% ROI first year and increasing every year.

$1,795,000

Orbost, Victoria

Freehold only - approx 8.47% ROI first year and increasing every year.

Service station and Road House: freehold investment. (business is NOT for sale)
Prime location in the centre of Orbost.
The current tenant has approx: 17 petrol stations and is a rock solid tenant wanting long term leases
Great long term opportunity for an Investor looking for top returns, as we have just listed with our company a freehold service station and road house.
The current tenant has a 20 year lease and the rental paid in the first year to the investor yearly is: $144,000 plus GST, with a 3% yearly increase for first term of 10 years.
The lease to market review, to be negotiated after the first 10 year term of the lease.
Investment returns are much greater than any bank or super annuation funds are paying currently
Price: $1,795,000
Rent: $144,000 per annum with a 3% yearly increase.
The lease term is fully guaranteed by the vendor with company and personal guarantees !!!
There may be better investments but where ?
Photos for display purpose only and not of actual freehold site.
Potential purchasers must do their own due diligence to substantiate all financial and legal information.
Business Sales Victoria has an Exclusive Sale authority so please contact our office if you have an interest.
Quote MSA 5049 - and call Michael on 0400 645 133 NOW !!! or submit an enquiry.

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Last updated: 17th February 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Orbost
State
 Victoria
Price
$1,795,000
Category
  • Car/Bus/Truck
  • Property/Real Estate
  • Resort

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Contact

Michael Keltie