Properties / Sold / Queensland / Fernvale

Freedom Fuels Fernvale
1529-1533 Brisbane Valley Highway, Fernvale, QLD, 4306

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SOLD

Freedom Fuels Fernvale, 1529-1533 Brisbane Valley Highway, Fernvale, QLD, 4306

SERVICE STATION WITH DEVELOPMENT UPSIDE
As exclusive marketing agents, JLL Metropolitan Retail Investments are pleased to present to market Freedom Fuels Fernvale QLD. Positioned on a major highway north of the Ipswich growth corridor, the property offers a new 5 year lease along with the potential for value-add & development for the incoming owner. We note the following investment highlights:
 
• Brand new 5 year lease to Freedom Fuels
• Freedom Fuels- wholly owned by Fortune 500 company Indemitsu Kosan (mkt cap $822bn)
• Tenant pays all outgoings excluding land tax
• Fixed 3.00% annual rental increases
• High profile 8,093sqm* site with the potential for future development
• Substantially below market rent providing outstanding future upside through rental reversion
• Net rental of $168,390p.a. as at 31 March 2021
 
The property is being sold via The March Portfolio Auction commencing at 6pm (AEST) 8 April 2021 at the Calile Hotel, James St Fortitude Valley QLD

Remember to mention you found this property on CommercialReady.com.au

 

Property Summary

  • SOLD
    SOLD
  • Auction Date
  • Land Size
    8093 m² (*approx)
  • Type
    Retail, Petrol Station
  • Tenanted Investment
    Brand new 5 year lease to Freedom Fuels

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Agency Contacts

Level 39, 345 Queen Street, Brisbane QLD 4000
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