Colliers International are delighted to offer this outstanding investment located prominently on the corner of St Albans Road and Percy Street in Melbourne’s north-west suburb of St Albans. This secure long-term investment is leased to United Petroleum until 28th February 2017 with three (3) further options of five (5) years. Currently returning $116,019 per annum (approx.), annual rental growth of CPI and market review at the exercise of option this investment ticks all the boxes.

Strategically located to capture the passing traffic with over 60 metres (approx.) of absolute frontage to a main thoroughfare of St Albans Road this property will continue to prosper as a Petroleum Site for many years to come.

This large land holding of 2,439m² (approx.) of General Residential Zoned (R1Z) land present benefits from both main road exposure but also the direct access to a large residential hub via Percy Street.

For Sale by Public Auction Wednesday 3rd December 2014 at 11am on-site.

Key Selling Features:

- Securely leased to United Petroleum until 28th February 2017 with options
- Currently returning $116,019 per annum (approx.)
- In built rental growth annually
- Large corner site of 2,439m² (approx.)
- Zoned General Residential
- Considerable rental upside

This property is proudly featured in our National Auction Portfolio ( NAP )