Savills are delighted to offer this income producing freehold service station to the market.
There is an existing long term lease in place, with options and excellent exposure to popular Nerang Street Southport.
The asset has been in the same family since the 1960's and they are now divesting on behalf of the estate.
Take advantage of this rare opportunity to own a service station in this highly sought after location.
Features Include:
- New 10 year lease to Metro Petroleum
- Two street frontages
- New roof replacement completed in 2019
- 33kW solar panels installed in 2019
- Mixture of unleaded and diesel pumps
- Located on Nerang Street, Southports growth corridor to the west
- Freehold Service Station
- Current Income: $185,000pa + GST + outgoings
- Lease Term: 10 years
- Land Area: 1,285 sqm*
- Building Area: 407 sqm*
- Method of Sale: Expressions of Interest closing 27th May 2021
* Approximate
