Level 1, 563 Hay Street

Subiaco WA 6008

(08) 6389 2242

reception@bpga.com.au

72 Bashford Street, JURIEN BAY

$4,995,000
  • Description
  • Address
  • Details

Description

Long WALE Service Station Investment

  • Leased to National Service Station Tenant t/a Metro Petroleum
  • 15 Years + Options (Commenced 01/02/19)
  • Fixed Rent Review $312K PA Net to 01/02/22
  • Annual Reviews to 3% (from 1/2/23)

LOCATION
Jurien Bay is a coastal town approximately 200 km north of the Perth CBD. The town is located in the Shire of Dandaragan, which has a shire area of 6,716 square kilometres.

The property is specifically located on the corner of Bashford Street and Cook Street. Bashford Street is also known as Indian Ocean Drive and the entry to Jurien Bay and the major coastal highway linking Perth to just south of Dandaragan/Port Denison.

IMPROVEMENTS
Located on the site is a large modern service station completed in 2019. The improvements include an approximate 300 m2 retail building plus a canopy over 4 double fuel dispenser bays. There is substantial bitumen hardstand on the property to accommodate trucks, caravans and boats and provision of air and water facilities.

TITLE DETAILS
Lot 200 on Deposited Plan 414788 and contained within Certificate of Title Volume 2961 Folio 965.

ZONING DETAILS
The site is zoned “Regional Centre” under the Shire of Dandaragan’s Local Planning Scheme 7.

SITE DETAILS
The site has a substantial land area of 2,085 m2 with a frontage to Bashford Street (Indian Ocean Drive) of approximately 50.43 metres.

LEASE DETAILS
The property is leased to a national tenant – DIB Group Pty Ltd t/a Metro Petroleum (a major national fuel operator with over 200 service stations across Australia). The lease commencement date is 1 February 2019 for a term of 15 years plus 4 x 5-year options. The rent is $300,000 per annum net plus GST plus outgoings. Fixed rent review $312K per annum net to 01/02/22. Reviews are annually to 3% (from 1/2/23).

SALE DETAILS
For sale at an asking price of $4.995 million (“Going Concern”).

Address

  • City: Jurien Bay
  • State/county: WA
  • Country: Australia

Detail

  • Price: $4,995,000
  • Property Type: Investment, Retail
  • Property Status: For Sale, New Listing