SOLD - Port Macquarie - Strong performing Service Station Neighbouring Woolworths

Cushman & Wakefield is pleased to present to the market 1A Bay Street, Port Macquarie for Sale via Auction.

The property has the following key characteristics:

• 15 year net lease to 2036 + options to 2066
• EG Group - Multinational fuel and convenience retail operator with $32.4 Billion and 6,012 locations globally
• EG Group - Acquired Woolworths Petrol for $1.7 Billion and operate circa 540 Woolworths Caltex service stations
• Located at the entrance to Port Macquarie’s Settlement City Shopping Centre featuring 60 specialty retailers
• Prominent corner position on Bay Street directly opposite McDonald’s
• Future development upside offered with favourble B3 Commercial Core Zoning
• Newly built in 2010, the site offers modern improvements & dual-skinned fibre-glass tanks
• Favourable environmental provisions, ownership of the tanks & remediation the responsibility of EG Group
• Tenant pays all outgoings including Land Tax
• Net Income $225,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.