New South Wales

Investors! Freehold Service Station Near 8% Return PA

For Sale | $2,050,000

Service Station

Offers Over $2,050,000.

Link Business is pleased to present the opportunity to acquire the freehold sale in Glen Innes. This is an independent service station (Major Brand) in a 2,030 square meter corner block of land on major New England highway with in city limit underpinned by a long 5years lease plus 8 of 5 years options with a stable and strong tenant.

Investment highlights include:
• Independent service station
• Massive 2030 square meter land
• Located approximately 300m from Glen Innes CBD
• Glen Innes has grown exponentially in the past decade
• Significant 2,030 sqm* site with enormous development potential (STCA)
• Unrivaled connectivity to major arterials goes to Brisbane, Sydney
• High exposure (approximately 40meter plus frontage).
• Big site for easy access to trucks
• All the Pumps owned by landlord - 4 under canopy and 1 open for big trucks
• Secured income growth with fixed annual rental increase
• Current estimated Net Income by rent $162,422 p.a. + GST + Outgoings
• Invest for the long term and re-develop for the future
• Photos will be sent to serious buyers by email
• Good local tenant with great history

Tanks were reinstalled in 2015 fibre glass and capacities are:
• ULP: 24,200 litres
• 95: 13600 litres
• E10: 25200 litres
• 98: 13600 litres
• Diesel: 28000 litres

Lots of Potential for Growth for a business savvy owner operator
• As the property is huge, easily add big super market like IGA or Food works (STCA)
• Carwash (STCA) is good option as it is on Highway
• Liquor store (STCA) is also a good option
• All these will certainly increase the revenue, subject to existing tenant approval for expansion.

​Offers Over $2,050,000
Listing ID: NSW09962

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09962

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09962
Timestamp: 20210722030109

Share

Contact


Gilraj Venkatappa



Marketing By


Gilraj Venkatappa

LINK Sydney

Overview

This Service Station Business is one of 46 businesses for sale in NSW North Coast, New South Wales, and one of 7 Service Station Businesses in this region that a business for sale currently has on offer. This Service Station Business is for sale in NSW North Coast for the asking price of $2,050,000 and is new to the market.