Shell/Viva Energy, 1 Cranbourne-Frankston Road,
Langwarrin, VIC 3910
Key property information
Map of Shell/Viva Energy, 1 Cranbourne-Frankston Road
Long-Term Lease Direct to Shell/Viva (ASX:VEA)
- 15 Year Lease to Shell (ASX:VEA)
- High-Traffic 2,407 sqm Corner Site
- 78% of Rent Potentially Tax Free
High-profile 2,407sqm* site with 114m* exposure to significant traffic volumes.
Prime location just off the Mornington Peninsula Freeway with Karingal Hub Shopping Centre, Dan Murphy’s, Chemist Warehouse and the Peninsula Private Hospital all within 450m*.
As-new fuel station improvements, completely rebuilt in 2013.
Easy vehicular access provided by 3 two-way crossovers.
Excellent depreciation, 78% of rent potentially tax deductible**.
Tenant responsible for repairs and replacement of fuel tanks.
Supplementary income from Rapid Tune, Melbourne’s fastest growing auto repair network with 21 locations statewide, recently extended lease commitment until 2027.
Melbourne growth location, 4.2km* from Frankston CBD, with 41,748 residents within 3km***.
Strategic essential service investment.
Net Income: $356,867 pa* + GST
**Napier and Blakeley
Investment Portfolio Auction 137
10.30am AEST, Wednesday 24 June 2020
River Room, Crown Casino, Melbourne
To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.
Explore property virtually
Property ID: 503560394Last Updated: 3 May 2021
More properties from Burgess Rawson - Melbourne
Contact Agent66-70 Wells Street,Frankston, VIC 3199
Contact AgentThe Laughing Lark Café, 1/16 Clyde Street Mall,Frankston, VIC 3199
Contact AgentTotally Workwear, Shop 1/136 Frankston-Flinders Road,Frankston, VIC 3199