545 Bussell Highway,
Broadwater, WA 6280
Shops & Retail • Other
Price information
Sale - Expression of Interest
EOI closing Tue 15 Oct 2024 at 4pm AWST
Key property information
Land area
Floor area
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$248,000
Number of Tenants
1 Tenant
Private inspections
to arrange a private inspection.
Map of 545 Bussell Highway
Bus stops within 5 km of 545 Bussell Highway, Broadwater, WA 6280 Distance Bussell Hwy Before Travellers Well 205 m Bussell Hwy After Travellers Well St 326 m Bussell Hwy Before Holgate Rd 371 m Bussell Hwy Before Armstrong Rd 420 m Bussell Hwy Opposite Abbey Beach Resort 449 m POWERED BY HERE ©
POWERED BY HERE ©
Long term secured investment
RWC WA and Colliers proudly present a fantastic opportunity to secure a long term property investment with a long lease over a prominent service station, within the tourist hotspot region of the coastal south west. Situated directly on Bussell Highway, the main thoroughfare of the region, the service station captures over 10,200* passing vehicles per day.
Comprising a recently refurbished service station and convenience store, with four fuel bowsers, the property is anchored by Burk Fuel on a long-term lease of 15 years with options until 2059. Burk Fuel, being a WA owned enterprise, operate 11 services stations throughout WA and a further 1 in Victoria.
The property occupiers a prominent regular shaped 2,000sqm site directly adjoining the Broadwater Shopping Village. The Busselton town centre is situated 6km* east of the property with direct access afforded via Bussell Highway. Immediate surrounding development comprises a range of tourist accommodation sites and residential dwellings. The pristine coastline is situated a mere 500m* north of the property.
Property features include:
• Passing net income of $248,000 plus GST
• Annual increases to greater of CPI or 3%
• Long term lease of 15 years until 2039 with four 5 year options to 2059
• Refurbished structure featuring a 166sqm* convenience store with four fuel bowsers
• Regular shaped site of 2,000sqm
• Extra income via rooftop solar panel lease
• Residential living quarters situated to rear of the convenience store
• This is a property investment with a 15 year lease (the business is not for sale)
Expressions of Interest closing Tue 15 October 2024 at 4pm AWST
For further information or to arrange an inspection please contact the agent:
Brett Wilkins
Director Capital Markets
RWC WA
0478 611 1...
brett.wilkins@raywhite.com
Richard Cash
State Chief Executive
Colliers
0412 006 9...
richard.cash@colliers.com
Aidan Austen
Executive
Colliers
0488 344 6...
aidan.austen@colliers.com
*Approx
Comprising a recently refurbished service station and convenience store, with four fuel bowsers, the property is anchored by Burk Fuel on a long-term lease of 15 years with options until 2059. Burk Fuel, being a WA owned enterprise, operate 11 services stations throughout WA and a further 1 in Victoria.
The property occupiers a prominent regular shaped 2,000sqm site directly adjoining the Broadwater Shopping Village. The Busselton town centre is situated 6km* east of the property with direct access afforded via Bussell Highway. Immediate surrounding development comprises a range of tourist accommodation sites and residential dwellings. The pristine coastline is situated a mere 500m* north of the property.
Property features include:
• Passing net income of $248,000 plus GST
• Annual increases to greater of CPI or 3%
• Long term lease of 15 years until 2039 with four 5 year options to 2059
• Refurbished structure featuring a 166sqm* convenience store with four fuel bowsers
• Regular shaped site of 2,000sqm
• Extra income via rooftop solar panel lease
• Residential living quarters situated to rear of the convenience store
• This is a property investment with a 15 year lease (the business is not for sale)
Expressions of Interest closing Tue 15 October 2024 at 4pm AWST
For further information or to arrange an inspection please contact the agent:
Brett Wilkins
Director Capital Markets
RWC WA
0478 611 1...
brett.wilkins@raywhite.com
Richard Cash
State Chief Executive
Colliers
0412 006 9...
richard.cash@colliers.com
Aidan Austen
Executive
Colliers
0488 344 6...
aidan.austen@colliers.com
*Approx
Additional information
External websites
Property ID: 504679264Last Updated: 3 Sep 2024
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