Gull Service Station and Store, 7060 Great Eastern Highway,
Mundaring, WA 6073
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Map of Gull Service Station and Store, 7060 Great Eastern Highway
AUCTION - GULL SERVICE STATION, MUNDARING
- Excellent Location
- Blue Chip tenant
- Secure Cash Flow
This is a unique opportunity for investors to acquire a very strategic 4,046 sqm land holding in the Town Centre opposite Mundaring's main retail precinct. It has all the locational benefits and is securely leased.
The site is GROUND LEASED to Gull Petroleum and the tenant has in recent years spent approximately $3M on improvements that include a modern Service Station and a substantial Convenience Store.
The current lease has 7 years to run with a 10 year option and the expectation is that Gull will remain for the next 17 years.
At the end of the lease the improvements will revert to the land owner or the tenant can be asked to reinstate the site.
This is a perfect addition to any Superannuation Fund. Buyers have the benefit of a long term secure income with annual CPI growth provisions and minimal risk.
The current net rental is $80,625 per annum plus GST. The property will be sold as a Going Concern.
The site is GROUND LEASED to Gull Petroleum and the tenant has in recent years spent approximately $3M on improvements that include a modern Service Station and a substantial Convenience Store.
The current lease has 7 years to run with a 10 year option and the expectation is that Gull will remain for the next 17 years.
At the end of the lease the improvements will revert to the land owner or the tenant can be asked to reinstate the site.
This is a perfect addition to any Superannuation Fund. Buyers have the benefit of a long term secure income with annual CPI growth provisions and minimal risk.
The current net rental is $80,625 per annum plus GST. The property will be sold as a Going Concern.
Property ID: 500249893Last Updated: 13 Dec 2013
0413 754 7...
Gull Service Station and Store, 7060 Great Eastern Highway
Mundaring, WA 6073
Perman & Associates - Claremont15 Goldsmith Road
CLAREMONT, WA 6010
CLAREMONT, WA 6010
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