SOLD - Gympie - Affordable Woolworths Petrol Station - 15 Year Ground Lease

Cushman & Wakefield is pleased to present to the 92-94 River Road (Bruce Highway), Gympie for Sale via Offers to Purchase.

The property has the following key characteristics:

• 15 year lease to 2030 + options to 2050
• EG Group - Multinational fuel and convenience giant with 4,700 outlets globally, acquired Woolworths
• Petrol for $1.725B in 2018
• Woolworths Petrol - Market leading tenant, 500+ service stations across Australia 
• Strategic 1,970 sqm site fronting the Bruce Highway and exposed to 21,500+ cars daily
• Strong performing retail location, neighbours include Woolworths, Big W, McDonald’s, Hungry Jacks & BWS
• Newly built in 2015, the site offers modern improvements and dual-skinned fibre-glass tanks
• Favourable environmental provisions, ownership of the tanks and remediation the responsibility of Woolworths/EG
• Gympie - Established commercial hub 160 km north of Brisbane, trade catchment 50,000+
• Annual CPI increases
• Net Income $83,662 pa + GST

For more information please contact the exclusive property professionals at Cushman & Wakefield.