138 Shute Harbour Road,
Cannonvale, QLD 4802

Burgess Rawson are pleased to present Metro Petroleum located at 138 Shute Harbour Road, Cannonvale QLD for sale via Expressions of Interest.

The property has the following investment highlights:

+ Anchored by ten (10) year net lease to Metro Petroleum through to August 2026 plus two (2) further five (5) year options to 2036
+ Metro Petroleum: one of the largest independent service station networks in Australia, with over 300 branded service station outlets across NSW, VIC, QLD and WA
+ Supported by three (3) year net lease to Quick Lube Mechanical
+ Landlord favourable fixed annual reviews with a mixture of fixed 3%, 4% & 5% increases, ensuring future rental growth
+ Investor-preferred net lease structures with the tenants paying all outgoings as per leases (excluding land tax)
+ High profile 1,033sqm* corner site with strong underlying land value
+ 54m* of direct frontage to Shute Harbour Road, a major arterial roadway connecting Airlie Beach to the Bruce Highway with over 21,000 passing vehicles daily*
+ Within immediate proximity of Cannonvale’s major retail centre and freestanding national tenants including Bunnings Warehouse, Hungry Jack’s & the Coles anchored Whitsunday Shopping Centre
+ Airlie Beach: major QLD tourism precinct the gateway and mainland hub of the famous Whitsunday Islands with over 1 million annual visitors
+ Whitsunday Region: significant growth corridor of North Queensland, with a resident population forecast to grow at an average annual rate of 2.3%
+ Potential Fully Leased Net Income: $154,707 pa* + GST (current $94,633 pa* + GST)

For Sale via Expressions of Interest closing Thursday 7 November 2024 at 3pm AEST.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.