BP Cranbourne, 1-5 Monahans Road
Cranbourne West VIC 3977
Ray White Transact - Brisbane
Property ID: 11934828
FREEHOLD SERVICE STATION, CONVENIENCE STORE AND CARWASH COMPLEX
Ray White Transact has pleasure in offering BP Cranbourne, a freehold service station, convenience store and carwash complex located at 1-5 Monahans Road (Corner Frankston-Cranbourne Road), Cranbourne West, Victoria. The 3,523sqm (approx.) site provides a rare opportunity to secure a high income earning, BP branded property located on a main road corner in Melbournes major south-eastern growth corridor. The main features of the property include the following: - Secure 10 + 5 + 5 + 5 year lease from December 2005, with strong lease covenant. - Located in Australias 3rd fastest growing municipality. - Huge 3,523sqm (approx.) corner site. - Large trade catchment area. - Adjoins busy new fast food retail development. - Fixed annual 3% increases. - Single tenant minimum management investment. The property is offered for sale by Private Treaty at a price of $4,350,000 (9.02% approx. yield). It is part of a portfolio of service stations with another offering located in Edithvale (see property ID 5633105). For a detailed Information Memorandum please contact Brad Hanson (0412 851 168) or Rick Bird (0417 750 950).