2 Acacia Way (Midland Highway-Monash Way),
Churchill, VIC 3842

* Huge land area, with Mixed Use zoning
* Strategically positioned service station at Churchill’s eastern gateway
* Growing Town with Monash University Gippsland Campus
* Features 400m2 plus convenience store building
* Well appointed facility, to include new fibreglass tanks, etc.
* Drive-in Bottle Shop to be constructed. Purchaser to fund development at fixed cost ($200,000), with additional rent of $17,000 pa. to be paid upon completion

Busy Highway frontage immediately east of Churchill Township, which features the large Monash University Gippsland Campus, as well as nearby power stations. Close to Morwell and Traralgon.

Tenant: Gippsland Petroleum Group Pty Ltd.
Term: 15+5+5+5+5+5 years.
Rent: $180,000 pa., plus GST (plus $17,000 pa. additional rent upon completion and payment for new works)
Reviews: Fixed 3.5% annual increases.
Outgoings: Payable by tenant (except land tax – 2008 single holding basis $250).