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12 Princes Highway Lakes Entrance, VIC 3909

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12 Princes Highway,
Lakes Entrance, VIC 3909

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Impressive Seaside Investment - Mobil Branded Petrol Station with New 15 year lease

* Modern style petrol station with two x double-island startergate canopy and a good sized convenience store building.
* Extensively upgraded fuel storage systems
* Huge land area with enormous development potential
* Secure, hassle free investment fundamentals

Enjoying the best of both worlds at this iconic seaside location, the gateway to the Gippsland Lakes, plus a busy Highway 1 frontage at the eastern end of the Esplanade.

Tenant: Gippsland Petroleum Group Pty Ltd.
Term: 15+5+5+5+5+5 years.
Rent: $120,000 pa., plus GST.
Reviews: Fixed 3.5% annual increases.
Outgoings: Payable by tenant (except land tax – 2008 single holding basis $400).

Property ID: 5492143Last Updated: 5 Jul 2013

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12 Princes Highway
Lakes Entrance, VIC 3909
Ronald A Newton & Associates Pty Ltd - South Yarra
Level 3, 177 Toorak Road
SOUTH YARRA, VIC 3141

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