Withcott

SOLD

Other:

  • Property ID#318953
  • LocationWITHCOTT
  • StateQLD
  • StatusSold
  • Withcott

Freedom Fuels, Withcott

The Freedom Fuels Service Station at 8616 Warrego Highway, Withcott was sold to a private investor who was attracted to the strong lease covenant which expires in May 2016. The net annual rental was $232,593. The sale price of $2,475,000 represented a yield of $9.40%. Located on the northern side of the Warrego Highway, at the foothills of the Toowoomba Range, being 6 kilometres east of Toowoomba and 119 kilometres west of the Brisbane CBD. The property had a wide frontage to the highway and was exposed to over 19,000 vehicles per day.

Client Testimonials

  • Ken Woodley

    Rick acts very professionally and confidentially in all property dealings. His competent and honest handling of the matters made the negotiation process easy from our perspective.As a result of Rick’s efforts we have engaged Ray White as leasing and selling agents for other properties owned by us. I have no hesitation in recommending Rick’s services as a real estate agent of significant integrity and competence.

  • Ross Nielson

    Rick has handled several successful transactions for us since 1987 and he has been the most capable real estate agent that we have dealt with.Confidentiality has been preserved in all our transactions over the years and this is rare in this business. Of particular note is the approach Rick takes in terms of acting in his clients’ best interest. This has resulted in the premium for us, which in some cases has been beyond our expectation.

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