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Ray White Commercial - Queensland

BP Silkstone, 134-136 Blackstone Road Silkstone, QLD 4304

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BP Silkstone, 134-136 Blackstone Road,
Silkstone, QLD 4304

Shop & Retail • Other • Showrooms & Bulky Goods

Price information

Sale

$4,550,000

Key property information

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$283,570
Number of Tenants
2 Tenants
Tenants / Type
Petrol Station and Mechanical Workshop

Private inspections

to arrange a private inspection.

Ray White Commercial - Queensland
BP Silkstone, 134-136 Blackstone Road
Silkstone, QLD 4304
Ray White Commercial - Queensland
Stephen Kidd

Ray White Commercial - Queensland

Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000

Map of BP Silkstone, 134-136 Blackstone Road

Directions
  • Train stations within 5 km of BP Silkstone, 134-136 Blackstone Road, Silkstone, QLD 4304Distance
    Booval Station1.3 km
    East Ipswich Station1.8 km
    Bundamba Station2.1 km
    Ipswich Station3 km
    Ebbw Vale Station3.7 km
    POWERED BY HERE ©
  • Bus stops within 5 km of BP Silkstone, 134-136 Blackstone Road, Silkstone, QLD 4304Distance
    Blackstone Rd Near Church St88 m
    South Station Rd at Long Lane198 m
    Blackstone Rd Near Cothill Rd221 m
    South Station Rd Near Auld St225 m
    Thompson St Near Glebe Rd358 m
    POWERED BY HERE ©
POWERED BY HERE ©

Fully Leased Property Investment with A Grade Covenant

Tony Grbcic from Kollosche Commercial, in conjunction with Stephen Kidd from Ray White Commercial are pleased to offer for sale the freehold, fully tenanted site known as BP Silkstone located at 134-136 Blackstone Road, Silkstone ("The Property").

Positioned on a corner allotment with a wide street frontage that has high exposure and easy access to vehicular traffic, this multi-tenanted asset offers the investor security, tenure and well-structured lease agreements providing thorough protection to the future landlord.

The Property is currently fully tenanted by a;
- BP Service Station (The Epic Group) 94.4% of the income*, and
- Mechanical Workshop 5.6% of the income*.

The investment opportunity provides a;
- BP Service Station on a 10 year lease expiring September 2030 (with 4 x 5 year options)
- Mechanical Workshop on a 5 year lease expiring on September 2024 (with 1 x 5 year option and the current tenant has run their business on this site for over 20 years)
- Fixed 3% annual increases on both leases
- 100% of outgoings recoverable, including all property expenses, land tax and management fees*

To further enhance the security of the asset, the current vendor has recently procured integrity testing, new fuel lines and the relining of all of the fuel tanks with fibreglass lining. These works are under a 30 year warranty.

Both leases contain comprehensive contamination and remediation provisions, which impose liability for contamination (where appropriate) on the relevant tenant.

In respect of the service station lease, on expiry, the tenant has an obligation to remediate so that the land is not contaminated to an extent greater than that noted in the First ESA.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Additional information

Property ID: 503597770Last Updated: 23 Oct 2020

Agency contacts

Ray White Commercial - Queensland
Ray White Commercial - Queensland
Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
View agency profile
Kollosche - Broadbeach
Kollosche - Broadbeach
Ground Floor, 12-14 Albert Avenue
BROADBEACH, QLD 4218
View agency profile
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Stephen Kidd

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Stephen Kidd
Ray White Commercial - Queensland
BP Silkstone, 134-136 Blackstone Road Silkstone, QLD 4304

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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