Long Term Lease - Caltex
3 Morwell Street, Yanchep, Western Australia 6035
Other For Sale
Land Area: 2,605.00 m2. Floor Area: 2,605.00 m2.
Colliers International is pleased to present to the market, 3 Morwell Street, Yanchep.
The service station is in a high profile location at the entry to the Yanchep / Two Rocks area. Other developments nearby include, a new McDonald’s restaurant and Yanchep Central which is a Woolworths anchored shopping centre.
Yanchep was the fastest growing area in Western Australia in 2015-2016 and is expected to continue to enjoy strong population growth.
• Lease expires 2031
• Strong volume throughput
• Base rent $350,097 paid every six months in advance
• Minimum fixed rent reviews of 3% per annum
• Turnover rent circa $40,000 per annum FY 17/18
• Over 50 metres of frontage to Marmion Avenue
For Sale by Offers to Purchase campaign closing Thursday 18 October 2018 at 2pm (AWST).
- Caltex lease expiry 2031
- 2,605 sqm corner site
- Fast growing catchment
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