Newly Built Service Station Investment with Development Upside
Colliers Western Australian Investment Services as exclusive selling agents are excited to present to market 101 Terrier Place, Southern River comprising a newly built United Petroleum Service Station store located in Perth’s burgeoning, high population growth, southeast corridor.
This exceptional opportunity boasts a newly built 24 hour United Petroleum service station, convenience store, anchored by a 15 year Lease covenant to a major national tenant, plus further 15 years’ combined options.
United Southern River is a highly exposed service station and convenience store approximately 24km southeast of the Perth CBD. The substantial 3,982sqm corner landholding has fantastic street exposure with over 30,000 cars passing each day.
Investment Highlights
- Prominent Corner Location – A large 3,982sqm corner land holding with over 30,000 passing cars each day
- Major National Tenant – Anchored by United Petroleum who have over 500+ service stations within Australia and are 100% Australian Owned
- Long Term Lease – Leased until 2034 with additional 3 x 5 year options to 2049
- Secure Rental Income - a Net income of $338,745 per annum
- Guaranteed Fixed rental growth - The property offers annual income growth through a fixed 3% rental increases annually as well as market review at the end of each lease term
- Newly Built development – Significant Depreciation and Tax benefits
- High Growth Corridor – Over 3.30% expected population growth per annum until 2031
- Surplus Development Potential – A 300-500sqm* future notional development site capacity. Suitable for medical consulting rooms, health and fitness, veterinary centre and retail use.
Site Details*
Building Area - 760sqm
Land Area – 3,982sqm
Fuel Pumps – 8
Method of Sale
The property is offered for sale by Offers Invited
For further information or to arrange an inspection, please contact the selling agents
Remember to mention you found this property on CommercialReady
