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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 10 year lease that runs till June 19, 2032. The DIB Group currently operates over 300 + service station sites nationally & are a highly regarded & respected conglomerate. This is an outstanding opportunity for the astute investor, the owner operator or property developer.
• Leased till June 19, 2032
• Currently returning net income $267,806* + GST
• Annual increases 3.5%
• 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 with a S173 agreement in place
• Redevelopment / Demolition clause in Lease effective from June 19, 2032
This extraordinary income producing asset sitting on 4,190m2 is currently leased to the DIB Group trading as Metro Petroleum on a 10 year lease that runs till June 19, 2032. The DIB Group currently operates over 300 + service station sites nationally & are a highly regarded & respected conglomerate. This is an outstanding opportunity for the astute investor, the owner operator or property developer.
• Leased till June 19, 2032
• Currently returning net income $267,806* + GST
• Annual increases 3.5%
• 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 with a S173 agreement in place
• Redevelopment / Demolition clause in Lease effective from June 19, 2032
Developments and amenities within a 5km radius of the asset.
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