Metro Petroleum 9-15 Main Street (Hamilton Highway) DERRINALLUM VIC 3325
Price on Request

DESCRIPTION

15 year lease to 2031 plus options to 2056.
Guaranteed income growth with 3% annual rent increases.
Single tenant, minimum management investment.
Town centre 8,094 sqm site with 80 metre frontage to Hamilton Highway, key arterial linking Melbourne and Geelong to Victoria’s western districts.
Tenant responsible for all usual outgoings as per the lease.
Significant site upgrade including new tanks, lines, pumps, canopy refurbishment & convenience store upgrade, completed late 2018 - Circa cost $650k.
Annual 3% rent increases and 5% at exercise of option.
Metro Petroleum: 40+ year business, over 200 sites across the Eastern Seaboard, undergoing rapid expansion.
Rent: $97,221 pa

Private Sale