Ray White Transact has pleasure in offering Mobil Fuel Zone Ferntree Gully, a freehold service station, convenience store, workshop and carwash complex located at 510 Napoleon Road (Corner Lakesfield Drive) Lysterfield, Victoria. The 4,001sqm (approx.) site provides an opportunity to secure a high income earning property located on a prominent corner in Melbournes outer eastern suburbs. The main features of the property include the following: – 16 + 8 year lease from January 1996. – Mobil Oil Australia Limited lease covenant. – Lessee is responsible for replacement of underground tanks, LP gas equipment and carwash equipment. – Substantial main road exposure with two prime street frontages. – Located in established residential area with a large catchment and limited immediate competition. – Opportunity for further development. – All usual outgoings paid by the lessee. Lessee is also responsible for payment of Land Tax on a multiple holding basis. – Single tenant minimum management investment. – Opportunity to purchase at a very attractive yield. The property is offered for sale by Private Treaty at a price of $3,350,000 (14.37% approx. yield). It is part of a portfolio of service stations with other offerings located in Edithvale (see property ID 5633105), Oakleigh (see property ID 5632934) and Oakleigh (see property ID 5632934). For a detailed Information Memorandum please contact Brad Hanson (0412 851 168) or Rick Bird (0417 750 950).