Cranbourne West

$4,350,000

Other:

  • Property ID#407993
  • LocationCRANBOURNE WEST
  • StateVIC
  • StatusWithdrawn
  • Building Area sqm634.00
  • Land Area sqm3523.00
  • Cranbourne West

FREEHOLD SERVICE STATION, CONVENIENCE STORE & CAR WASH

Ray White Transact has pleasure in offering “BP Cranbourne”, a freehold service station, convenience store and carwash complex located at 1-5 Monahans Road (Corner Frankston-Cranbourne Road), Cranbourne West, Victoria. The 3,523sqm (approx.) site provides a rare opportunity to secure a high income earning, BP branded property located on a main road corner in Melbourne’s major south-eastern growth corridor. The main features of the property include the following:

- Secure 10 + 5 + 5 + 5 year lease from December 2005, with strong lease covenant.
- Located in Australia’s 3rd fastest growing municipality.
- Huge 3,523sqm (approx.) corner site.
- Large trade catchment area.
- Adjoins busy new fast food retail development.
- Fixed annual 3% increases.
- Single tenant – minimum management investment.

The property is offered for sale by Private Treaty at a price of $4,350,000 (9.02% approx. yield).

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