Long Term Lease - Caltex

3 Morwell Street, Yanchep, Western Australia 6035

Other For Sale

Offers
Land Area: 2,605.00 m2.    Floor Area: 2,605.00 m2.    

Description

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.

Key Features:

• 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).

Features

  • Caltex lease expiry 2031
  • 2,605 sqm corner site
  • Fast growing catchment

Map

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