FREEHOLD SERVICE STATION, CONVENIENCE STORE, WORKSHOP & CAR WASH

Ray White Transact has pleasure in offering “Mobil Fuel Zone Ferntree Gully”, a freehold service station, convenience store, workshop and carwash complex located at 510 Napoleon Road (Corner Lakesfield Drive) Lysterfield, Victoria. The 4,001sqm (approx.) site provides an opportunity to secure a high income earning property located on a prominent corner in Melbourne’s outer eastern suburbs. The main features of the property include the following:

- 16 + 8 year lease from January 1996.
- Mobil Oil Australia Limited lease covenant.
- Lessee is responsible for replacement of underground tanks, LP gas equipment and carwash equipment.
- Substantial main road exposure with two prime street frontages.
- Located in established residential area with a large catchment and limited immediate competition.
- Opportunity for further development.
- All usual outgoings paid by the lessee. Lessee is also responsible for payment of Land Tax on a multiple holding basis.
- Single tenant – minimum management investment.
- Opportunity to purchase at a very attractive yield.

The property is offered for sale by Private Treaty at a price of $3,350,000 (14.37% approx. yield).