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RWC WA and Colliers proudly present a fantastic opportunity to secure a long term property investment with a long lease over a prominent service station, within the tourist hotspot region of the coastal south west. Situated directly on Bussell Highway, the main thoroughfare of the region, the service station captures over 10,200* passing vehicles per day.
Comprising a recently refurbished service station and convenience store, with four fuel bowsers, the property is anchored by Burk Fuel on a long term lease of 15 years with options until 2059. Burk Fuel, being a WA owned enterprise, operate 11 services stations throughout WA and a further 1 in Victoria.
The property occupiers a prominent regular shaped 2,000sqm site directly adjoining the Broadwater Shopping Village. The Busselton town centre is situated 6km* east of the property with direct access afforded via Bussell Highway. Immediate surrounding development comprises a range of tourist accommodation sites and residential dwellings. The pristine coastline is situated a mere 500m* north of the property.
Property features include:
• Passing net income of $278,000 plus GST
• Annual increases to greater of CPI or 3%
• Long term lease of 15 years until 2039 with four 5 year options to 2059
• Refurbished structure featuring a 166sqm* convenience store with four fuel bowsers
• Regular shaped site of 2,000sqm
• Extra income via rooftop solar panel lease
• Residential living quarters situated to rear of the convenience store
• This is a property investment with a 15 year lease (the business is not for sale)
The owners have a sworn valuation by a Tier 1 valuer completed November 2024 available for any purchaser
Offers Invited
For further information or to arrange an inspection please contact the agent:
Brett Wilkins
Director Capital Markets
RWC WA
0478 611 168
Jeff Braddock
Managing Director
BPG Australia
0412 934 694
*Approx
Remember to mention you found this property on CommercialReady
RWC WA and Colliers proudly present a fantastic opportunity to secure a long term property investment with a long lease over a prominent service station, within the tourist hotspot region of the coastal south west. Situated directly on Bussell Highway, the main thoroughfare of the region, the service station captures over 10,200* passing vehicles per day.
Comprising a recently refurbished service station and convenience store, with four fuel bowsers, the property is anchored by Burk Fuel on a long term lease of 15 years with options until 2059. Burk Fuel, being a WA owned enterprise, operate 11 services stations throughout WA and a further 1 in Victoria.
The property occupiers a prominent regular shaped 2,000sqm site directly adjoining the Broadwater Shopping Village. The Busselton town centre is situated 6km* east of the property with direct access afforded via Bussell Highway. Immediate surrounding development comprises a range of tourist accommodation sites and residential dwellings. The pristine coastline is situated a mere 500m* north of the property.
Property features include:
• Passing net income of $278,000 plus GST
• Annual increases to greater of CPI or 3%
• Long term lease of 15 years until 2039 with four 5 year options to 2059
• Refurbished structure featuring a 166sqm* convenience store with four fuel bowsers
• Regular shaped site of 2,000sqm
• Extra income via rooftop solar panel lease
• Residential living quarters situated to rear of the convenience store
• This is a property investment with a 15 year lease (the business is not for sale)
The owners have a sworn valuation by a Tier 1 valuer completed November 2024 available for any purchaser
Offers Invited
For further information or to arrange an inspection please contact the agent:
Brett Wilkins
Director Capital Markets
RWC WA
0478 611 168
Jeff Braddock
Managing Director
BPG Australia
0412 934 694
*Approx
Remember to mention you found this property on CommercialReady
545 Bussell Highway, Broadwater, WA, 6280
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