Edithvale

$3,200,000

Other:

  • Property ID#407960
  • LocationEDITHVALE
  • StateVIC
  • StatusWithdrawn
  • Building Area sqm440.00
  • Land Area sqm1420.00
  • Edithvale

FREEHOLD SERVICE STATION AND CONVENIENCE STORE

Ray White Transact has pleasure in offering “BP Edithvale”, a freehold service station and convenience store located at 190-192 Station Street (Corner Lochiel Avenue), Edithvale, Victoria. The 1,420sqm (approx.) site provides an opportunity to secure a high income earning, BP branded property located on a prominent corner in Melbourne’s southern bayside strip. The main features of the property include the following:

- Secure 10 + 5 + 5 + 5 year lease from December 2005, with strong tenant covenant.
- Large 1,420sqm (approx.) corner site with Nepean Highway exposure.
- 2 prime street frontages.
- Strong fuel and shop sales.
- Alternate use to fuel retailing in the future.
- Fixed annual 3% increases.
- All usual outgoings paid by the lessee.
- Single tenant – minimum management investment.
- Bayside location – 200m (approx.) from beach.

The property is offered for sale by Private Treaty at a price of $3,200,000 (8.85% approx. yield).

Loan Repayment Calculator

How much can I borrow?
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. It is advised that you consult your financial adviser or mortgage broker before taking out a loan. Results indication is based on an Interest Only Loan for Residential and Lifestyle of 90% LVR, Commercial, Vacant Land and Business of 70% LVR and Rural of 60% LVR).

Want to find out more about this suburb?

Submit your details and we will send you a comprehensive suburb report.

Sign up to our market review

Download a Sample Market review report for edithvale