Lot 1, 157 Grand Entrance Drive, Australind – The ‘Vibe Petrol Station site’, presents an outstanding opportunity to acquire a brand new fuel station and drive through café asset, in one of the highest growth regions in Western Australia.
Superbly located on the prime corner of Grand Entrance, the primary road entering the Treendale & Australind townships, the property has exceptional exposure and easy access for traffic in both directions.
A brand new 15 year lease to the Vibe Petrol station and 20 year ground lease to the 'Full of Beanz' drive through café, including strong, fixed rent reviews, will ensure a consistently increasing income stream is available to purchasers over the long term.
Australind, located 160km south of Perth, is the gateway to the globally famous South West region of Western Australia and adjacent to Bunbury, the second largest city in WA. Population growth continues to be some of the highest in nation, fueled by a range of industries including the major export facilities at the Port of Bunbury, agriculture, mining and tourism.
A range of projects planned for the region bode well for future growth, in particular the recently announced commencement of the $1 billion Abermarle lithium hydroxide plant in nearby Kemerton, the largest lithium processing plant in the world.
• New 15 year lease to Vibe Petroleum with 3.25% fixed annual increases
• New 20 year lease to Coffee with greater of CPI or 3% annual increases
• Gateway entrance to Australind town centre and strong residential growth precinct
• 400metres to Treendale Shopping Centre, Woolworths, Bunnings, McDonalds and a range of commercial operators
For sale via Offers to Purchase closing Thursday 17th September 2020 at 3PM AWST.
For more information please contact the exclusive CBRE selling agents.
Remember to mention you found this property on CommercialReady
