Reference: benchmark_74_931

7.5% Yield! Shell Service Station Investment Property

390 Boundary St Wilsonton QLD
$4,000,000
For the first time in over 17 years this well known property has hit the market and is to be offered for sale. A Shell Service Station renowned for some of the best food in the area and strong fuel sales.


One of Toowoombas best service station investment sites.

Over 1,700m2 located on the corner of the Warrego Highway and a main arterial road, opposite a recently renovated and leased Aldi Shopping Centre.

This investment offers the security of a long straight lease until 2036 with a Tenant operating a business, producing incredible sales. In fact, the business has been a high performer for many many years.


Property Key Points:

- Opportunity to redevelop and add a drive-thru option

- Shell (Viva Energy) Branding Independent Operation

- Long straight lease in place until 2036

- $302,800 Net Annual Rental Including Tank Fee

- LOCATED IN MAJOR GROWTH CORRIDOR

- Owners recently replaced fuel bowsers on site

- Property sits adjacent to near new Aldi Shopping Centre

- Located on the Warrego Highway and key arterial road Boundary Street

- Current operators looking to install solar panels, refresh the cosmetic condition and add additional offerings to increase trade

- Strong rental and additional tank fee income for years to come

- Proven systems set in place by the operators have resulted in a solid business

- Site benefits from the recent Toowoomba Bypass Boundary St access interchange

- New supply agreement in place with strong international company

- Business owners updated majority of the P&E only a few years ago



With direct access to Boundary Street the property benefits from the on/off ramp to the major Toowoomba Bypass (Second Range Crossing) allowing motorists to skip the chaos of the city. Traffic lights at the Warrego Highway junction allow drivers time and access the site from all directions.

Toowoomba is a key strategic link in the National Land Transport Network with almost half of all exports from the Port of Brisbane originating from regions accessed via the existing Warrego Highway Toowoomba Range section.

A single island canopy features recently replaced bowsers, separate hi-flow diesel and a spacious forecourt allows for traffic flow and simplicity. The wide driveways and parking bays cater to all vehicles with ease of ingress and egress.



Lease Key Points:

Tenant: Independent (Operates multiple caf/food franchises)
Net Rent: $272,845 + GST per annum
Tank Fee (Income): $30,000 + GST per annum
Term: Lease expires December, 2036
Annual Increases: CPI



Tank Capacities:
Unleaded 25,000 L
Premium Unleaded 19,000 L
Diesel 16,000 L
Diesel 16,000 L



Price: $4 million (7.57% yield on current rental/income)



Contact me today to find out how this service station investment property could make your life easier!



For further information on this opportunity, please contact

Jacob Reeson

Business Broker - Service Station Specialist

Benchmark Business Sales and Valuations

M:0432 906 946 T:1300 366 521 E:jacob@benchmarkbusiness.com.au

https://www.linkedin.com/in/jacob-reeson-service-station-sales-specialist/



If you like to know more about the Business complete our online confidentiality agreement here: https://benchmarkbusiness.com.au/ca-form-5038



or go to our Website www.benchmarkbusiness.com.au and use the reference #5038 to search for the business.



Benchmark Business Sales and Valuations



The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Automotive, Automotive and Marine, Service Station, Mechanical Repair, Retail, Food and Beverage

Property Code: 5038
Status
For Sale
ROI
n/a
Annual Revenue
n/a
Listing Price
$4,000,000
Location
390 Boundary St Wilsonton QLD
Industry
Retail
Earning Type
n/a
Years Trading
Stock Level
Reference Number
benchmark_74_931