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Long-Term Lease Direct to Shell/Viva (ASX:VEA)

1 Cranbourne-Frankston Road, Langwarrin VIC

Property Highlights

15 Year Lease to Shell (ASX:VEA)
High-Traffic 2,407 sqm Corner Site
78% of Rent Potentially Tax Free
Register to Bid

Description

Secure 15 year lease to Shell/Viva, a blue-chip $3 billion ASX-listed tenant with 1,292 fuel sites across Australia.
High-profile 2,407sqm* site with 114m* exposure to significant traffic volumes.
Prime location just off the Mornington Peninsula Freeway with Karingal Hub Shopping Centre, Dan Murphy’s, Chemist Warehouse and the Peninsula Private Hospital all within 450m*.
As-new fuel station improvements, completely rebuilt in 2013.
Easy vehicular access provided by 3 two-way crossovers.
Excellent depreciation, 78% of rent potentially tax deductible**.
Tenant responsible for repairs and replacement of fuel tanks.
Supplementary income from Rapid Tune, Melbourne’s fastest growing auto repair network with 21 locations statewide, recently extended lease commitment until 2027.
Melbourne growth location, 4.2km* from Frankston CBD, with 41,748 residents within 3km***.
Strategic essential service investment.
Net Income: $356,867 pa* + GST

*Approx
**Napier and Blakeley
***GapMaps

Investment Portfolio Auction 137
Melbourne
10.30am AEST, Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
2,407 SQM
Building Area
525 SQM

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