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Elders Real Estate - Hobart

Bennetts Petroleum, 50 Arve Road Geeveston, TAS 7116

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Bennetts Petroleum, 50 Arve Road,
Geeveston, TAS 7116

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Elders Real Estate - Hobart
Tom Balcombe

Elders Real Estate - Hobart

5 Victoria Street
HOBART, TAS 7000
Elders Real Estate - Hobart
Bennetts Petroleum, 50 Arve Road
Geeveston, TAS 7116

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Circa 10% Yield | Strategic Freestanding Fuel and Roadhouse

  • Dual Income essential service asset
  • Annual Rental Reviews
  • Long trading history
Burgess Rawson is pleased to offer to the market, 50 Arve Road, Geeveston TAS for sale via our Investment Portfolio Auction 169.

This opportunity has the following key investment highlights:

+ Brand new and secure 10-year lease to proven roadhouse operator from 2023 through to 2033 plus options to 2043.
+ Separate lease to Bennetts Petroleum to 2024 plus options through to 2030 with all fuel infrastructure above ground.
+ Bennetts Petroleum: Tasmania’s largest Ampol distributor and multi site operator with 16+ sites in operation.
+ Favourable rental reviews: annual CPI reviews and fixed 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates and single holding Land Tax.
+ Strategic 866 sqm* site with 30 metres* of frontage to Arve Road which connects to the Huon Highway the major highway link between Hobart and the Huon Valley.
+ High Yielding, superb entry level asset, minimal management commercial investment.
+ Geeveston: One of the worlds most important apple and fruit growing regions and on the route to one of Southern Tasmania’s most popular tourist attractions, the Tahune Airwalk.
+ Tasmania: Leading the nation , ranked #1 in key economic indicators in CommSecs's latest State of the States report***
+ Net Income: $45,250 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 26 June 2024
Crown Casino, Melbourne

Property ID: 504604752Last Updated: 10 Jul 2024

Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
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