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Princes Highway (Cnr. York & Foster Streets) Sale, VIC 3850

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Princes Highway (Cnr. York & Foster Streets),
Sale, VIC 3850

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Brilliant Investment Freehold - Impressive Petrol Station enjoying Absolute Prime Location, plus a New 15 year lease at $200,000 per annum.

* Outstanding Princes Highway frontages
* Impressive Improvements with Fibreglass tanks, etc.
* Prime corner site, high underlying land value
* Gateway site to strong regional city

Perfect Princes Highway frontage and a “gateway” position adjoining Sale’s bustling City Centre precinct, some 214 km east of Melbourne’s CBD, between Traralgon and Bairnsdale.

Tenant: Gippsland Petroleum Group Pty Ltd.
Term: 15+5+5+5+5+5 years.
Rent: $200,000 pa., plus GST.
Reviews: Fixed 3.5% annual increases.
Outgoings: Payable by tenant (except land tax – 2008 single holding basis $1,680).

Property ID: 5492192Last Updated: 5 Dec 2013

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Princes Highway (Cnr. York & Foster Streets)
Sale, VIC 3850
Ronald A Newton & Associates Pty Ltd - South Yarra
Level 3, 177 Toorak Road
SOUTH YARRA, VIC 3141

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