HIGH PROFILE LONG TERM INVESTMENT - $2500000

Description

Situated on one of the busiest corners in Sale on York Street and Raglan Street, and on the Princes Highway on approximately 2,492 square meters is this fantastic investment opportunity. The property is currently leased to Freedom Fuels Australia on a 10 year lease (with 4, 5 year options), with the lease expiring 2nd July 2017. The property is currently rented for $192,820 plus GST, plus outgoings, per annum and there is an annual increase of 3.5% per annum. The lessee has 56 sites in Australia (freedomfuelsaustralia.com.au), and new tanks have recently been installed.