SERVICE STATION INVESTMENT

The property is located in the commercial precinct of West Perth, on the corner of Vincent Street, Fitzgerald Street and Eden Street, approximately 2 kilometres west of the Perth CBD.

The property had difficult contamination issues which complicated the sale. As agents, we required detailed knowledge of the relevant legislation to find a path for the buyers and financiers to settlement.

Leased investment. Major development options on lease expiry. Corner lot with three street frontages.
• Future multi-level mixed-use redevelopment potential
• 10 year lease to Puma Energy exp Dec 2026 plus options
• $258,750 p.a. net income
• 3.5% annual increases
• High profile corner location with 33,460 traffic count

 

 

Sale Analysis
Sale Price:$4,020,000
Sale Date:6 June 2018
Site Area:1,077m2
Rate/m2:$3,732/m2
Net Income:$258,750 pa
Yield  – passing:6.4%
Lease:10 Years
Vendor:Private Investor
Purchaser:Private Investor
Sale Process:Sold by Private Treaty to Private Investor