BP Frankston, 296 – 298 Frankston Dandenong Road,
Seaford, VIC 3198

Shops & Retail • Showrooms & Large Format Retail • Other

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Map of BP Frankston, 296 – 298 Frankston Dandenong Road

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BP Petrol Station Investment

Expect to Buy on circa 7.25% yield
12+6+6 yr Lease from 9 November 2011
3% annual increases + outgoings

- Lease, 12+6+6 years commenced 9 November 2011.
- Current Rent approx. $393,928.32 pa.
- Annual 3% rent increases and market review at each Option. Rent to increase to approx. $405,745.92 pa on 1/11/2016.
- Tenant pays all outgoings, except Land Tax (approx. $3,055 on a single holding basis).
- National BP Dealer – Jasbe Petroleum with 40 plus sites.
- Strategic site on major metropolitan arterial between the Frankston and Peninsula Link Freeway Interchanges.
- 3,214 sqm* corner site with a combined 133 metres* of frontage.
- Includes a 240sqm convenience store building, a 4-island startergate canopy, fibreglass tanks, plus two car wash bays.
- Generous depreciation benefits.
*approx.
Terms: Deposit 10%. Balance 60/90 days.