SOMERVILLE
1045 Frankston-Flinders Road
Income
Current rental of $253,213.44* net + GST
Tenancy
ASX listed tenant - Viva Energy Australian Pty Ltd who pay all outgoings inc. land tax#
Land Area
2,356 sqm*
Lease Term
10 year lease + options (comm 9/12/2020)
Petrol Station Investment on the Mornington Peninsula
Anchored by Shell Coles Express, this perfectly positioned Petrol Station Investment in the heart of vibrant Somerville, benefits from being located on the busy Frankston-Flinders Road running through the Peninsula. The property offers a substantial rental of $265,577 pa* net + GST across its convenience store and 12 associated petrol pumps.
- Sizable landholding of 2,356sqm* comprising convenience store and 12 associated petrol pump
- Current rental of $265,577 p.a. net + GST
- Over 6 years remaining plus 2 further terms of 5 years
- Annual CPI reviews plus market reviews at further terms
- ASX listed tenant who pays all outgoings including Land Tax
*Approx.
