66 , Sylvia Street, NOLLAMARA, WA


7% + Net Return

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New 12 year lease


Property Features
  • Category : Retail, Showrooms/Bulky Goods, Other
  • Land Area:848 Square Metres
  • Building Area: 848
  • Tenancy: Tenanted

Property Description
An opportunity exists for an investor to acquire a service station with a new long-term lease in a busy community centre. The property is situated on a land area of 848sqm* and has great exposure on the corner of Sylvia Street and Hillsborough Drive.

This prime lot is zoned "Local Centre" and has multiple potential uses including fast food outlet, medical centre as well as it's current use, service station.

The tenants are taking full responsibility for the maintenance of the tanks for the full period of the current lease, offering a Buyer peace of mind.

bull; Part of a busy Community Centre
bull; Central Nollamara location
bull; Great exposure
bull; Fuel tanks - checked - 100%
bull; Fuel lines - Replaced - 100%
bull; Environmental Report - No contamination
bull; Tanks lines are long term responsibility of tenant
bull; Lease: $150,000pa + GST + outgoings
bull; Rent reviews: CPI + 0.5%
bull; Guarantee: 6 months bank guarantee
bull; Term: 12 years plus (4) 5-year options

Vibe Petroleum is a privately-held independent petroleum company primarily operating in Western Australia, thriving to be the best in the customer services sector. With 24 open Vibe locations and many more Vibe's coming soon, Vibe gives motorists a great "vibe" every time they step into their stations.

For further information or to arrange an inspection please contact:

Brett Wilkins
M: 0478 611 168
E: **@**

Property Agent

Advert Id:74179

Name:Brett Wilkins

Phone: 0478 6****

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