SECURE WOOLWORTHS CONVENIENCE & SERVICE STATION INVESTMENT – SOLD

Emmetts completed the sale of a securely let Woolworths Convenience and Service Station investment following a public marketing campaign.

Retail Investment, Investment Services

PROPERTY:

Situated on the Moorooduc Highway in Melbourne’s south-east, the property benefitted from high passing vehicle traffic as well as being opposite the Frankston Power Centre – a busy homemaker centre including Bunnings.

Investment considerations included:

+ Significant landholding 3,400 sq m*

+ Corner holding with combined frontage of 125 metres*.

+ New 15 year lease to Woolworths Ltd.

+ New 10 year lease to Boost Juice and Degani Café with drive through facility.

+ Combined income of $423,482 pa plus GST

* denotes approx.

For further information on this sale, contact the agents.