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This extraordinary income producing asset sitting on 4,190m2 is currently leased to the DIB Group trading as Metro Petroleum on a 9 year lease commencing August 2025 till August 2034 with a further 5 + 5 year options.
• Leased until August 2034 with a further 5 + 5 year options
• 6 Multi product dispenser and 1 LPG product dispenser all under cover
• Car wash with 1 automated wash and 4 manual bays
• Convenience store of 95m2*
• 11 Car parks
• 93m frontage to Cranbourne Road
• 2 Separate titles one for the service station and one for the car wash
• Car Wash to be surrendered to owner at the commencement of first option in 2034
• New Commencing Net Rent: $297,179 + GST
• Guaranteed income growth via a fixed annual increases of 3.5% annually
Net Rent Compounding Effect:
Year 1 – 2025/26 – $297,179.00 + GST
Year 2 – 2026/27 – $307,580.27 + GST
Year 3 – 2027/28 – $318,345.57 + GST
Year 4 – 2028/29 – $329,487.67 + GST
Year 5 – 2029/30 – $341,019.74 + GST
Year 6 – 2030/31 – $352,955.43 + GST
Year 7 – 2031/32 – $365,308.87 + GST
Year 8 – 2032/33 – $378,094.68 + GST
Year 9 – 2033/34 – $391,327.99 + GST
Rent to reset at $300k in 2034 at the commencement of the first option
BONUS: the Car Wash will be surrendered at the beginning of the first term in August 2034 to the new owner to do with as they wish opening up a plethora of options such as;
• Taking over the operation of the Car Wash
• Selling off the Car Wash as it has its own separate title
• Leasing out the Car Wash adding substantial rental income to the existing solid income from the Service Station
• Redeveloping this prominent 1607m2 site would certainly attract major fast food outlets
• The options are endless in adding future further value to this already attractive opportunity
* All parties must undertake their own independent calculations and due diligence to satisfy themselves as to the accuracy and applicability of these figures. The table above is provided indicatively and should not be relied upon as the sole basis for any financial decision-making.
This extraordinary income producing asset sitting on 4,190m2 is currently leased to the DIB Group trading as Metro Petroleum on a 9 year lease commencing August 2025 till August 2034 with a further 5 + 5 year options.
• Leased until August 2034 with a further 5 + 5 year options
• 6 Multi product dispenser and 1 LPG product dispenser all under cover
• Car wash with 1 automated wash and 4 manual bays
• Convenience store of 95m2*
• 11 Car parks
• 93m frontage to Cranbourne Road
• 2 Separate titles one for the service station and one for the car wash
• Car Wash to be surrendered to owner at the commencement of first option in 2034
• New Commencing Net Rent: $297,179 + GST
• Guaranteed income growth via a fixed annual increases of 3.5% annually
Net Rent Compounding Effect:
Year 1 – 2025/26 – $297,179.00 + GST
Year 2 – 2026/27 – $307,580.27 + GST
Year 3 – 2027/28 – $318,345.57 + GST
Year 4 – 2028/29 – $329,487.67 + GST
Year 5 – 2029/30 – $341,019.74 + GST
Year 6 – 2030/31 – $352,955.43 + GST
Year 7 – 2031/32 – $365,308.87 + GST
Year 8 – 2032/33 – $378,094.68 + GST
Year 9 – 2033/34 – $391,327.99 + GST
Rent to reset at $300k in 2034 at the commencement of the first option
BONUS: the Car Wash will be surrendered at the beginning of the first term in August 2034 to the new owner to do with as they wish opening up a plethora of options such as;
• Taking over the operation of the Car Wash
• Selling off the Car Wash as it has its own separate title
• Leasing out the Car Wash adding substantial rental income to the existing solid income from the Service Station
• Redeveloping this prominent 1607m2 site would certainly attract major fast food outlets
• The options are endless in adding future further value to this already attractive opportunity
* All parties must undertake their own independent calculations and due diligence to satisfy themselves as to the accuracy and applicability of these figures. The table above is provided indicatively and should not be relied upon as the sole basis for any financial decision-making.
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