Ray White Transact has pleasure in offering BP Edithvale, a freehold service station and convenience store located at 190-192 Station Street (Corner Lochiel Avenue), Edithvale, Victoria. The 1,420sqm (approx.) site provides an opportunity to secure a high income earning, BP branded property located on a prominent corner in Melbournes southern bayside strip. The main features of the property include the following: – Secure 10 + 5 + 5 + 5 year lease from December 2005, with strong tenant covenant. – Large 1,420sqm (approx.) corner site with Nepean Highway exposure. – 2 prime street frontages. – Strong fuel and shop sales. – Alternate use to fuel retailing in the future. – Fixed annual 3% increases. – All usual outgoings paid by the lessee. – Single tenant minimum management investment. – Bayside location 200m (approx.) from beach. The property is offered for sale by Private Treaty at a price of $3,200,000 (8.85% approx. yield). It is part of a portfolio of service stations with another offering located in Cranbourne (see property ID 5633123). For a detailed Information Memorandum please contact Brad Hanson (0412 851 168) and Rick Bird (0417 750 950).