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Busy Modern Style Petrol Station - Strategic Site - Main ...

296 - 298 Frankston - Dandenong Road, SEAFORD VIC, 3198

Sold

Property Sold in 296 - 298 Frankston - Dandenong Road, SEAFORD VIC, 3198

Ronald A Newton & Associates Pty Ltd

Level 3, 177 Toorak Road, South Yarra, VIC 3141

Listing ID:
11171990
Status:
Under-offer
Last Updated:
23/08/2016
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Property Type

Retail/Land/Development
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Land Area

N/A
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Floor Area

N/A
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Parking

0

Busy Modern Style Petrol Station - Strategic Site - Main Metro Arterial

Lease, 12+6+6 years commenced 9 November 2011.
Current Rent approx. $393,928.32 pa.
Annual 3% rent increases and market review at each Option.
Rent to increase to approx. $405,745.92 pa on 1/11/2016.
Tenant pays all outgoings, except Land Tax (approx. $3,055 on
single holding basis).
National BP Dealer Jasbe Petroleum with 40 plus sites.
Strategic site on major metropolitan arterial between the
Frankston and Peninsula Link Freeway interchanges.
3,214 sqm* corner site with a combined 133 metres* of frontage.
Includes a 240sqm convenience store building, a 4-island
canopy, fibreglass tanks, plus two car wash bays.
Generous depreciation benefits.
*approx.
Terms: Deposit 10%. Balance 60/90 days.

For more details, please email agent

Ronald A Newton & Associates Pty Ltd

Level 3, 177 Toorak Road, South Yarra, VIC 3141


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