Knight Frank Cairns, under instructions from Mr Frank O’Neill and Mr David Stimpson of SV Partners as Joint Receivers and Managers of The Property Fund Pty Ltd ATF TPF Industrial Fund No. 1, is delighted to present an exciting opportunity to secure a portfolio of 14 operating service station sites, along with additional development land sites to the market.
Knight Frank Cairns’ Marketing Executive, John Lynch, confirmed that the portfolio provides a current income of approximately $2.89 million in prominent locations throughout central and western Queensland. Mr Lynch said, “It is a rare opportunity to secure a strategic suite of properties leased to one tenant, Chevron, with a very attractive WALE of approximately 8.9 years and substantial income.” Mr Lynch also advised, “There is a substantial upside under the lease structures, the ability of additional development opportunities, and also a further opportunity to boost income with the introduction of solar power.”
The properties provide fuel and convenience operations. The service stations on offer also include truck stops, depots and retail sites.
The portfolio features properties in key locations which are the backbone and economic engine room of central and western Queensland. The sites are strategically located within the primary road network, linking the coast to the coal fields and agricultural sector.
Mr Lynch indicated that a single opportunity of this nature will be highly sought after, with all lease details and supplementary information available to interested parties.
Interested parties should contact John Lynch to obtain a copy of the Information Memorandum
Click here to view the full Portfolio Page on CommercialReady.com.au
