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3 Morwell Street, Yanchep, WA 6035

3 Morwell Street, Yanchep, WA 6035

Other

  • Sold Contact Agent
  • Mon 25-Feb-19

Long Term Lease - Caltex

  • Caltex lease expiry 2031
  • 2,605 sqm corner site
  • Fast growing catchment

  • Land Area
  • 2605.00 m² (approx)
  • Floor Area
  • 2,605 m²
  • Last Updated
  • Feb 25, 2019

Interested in this property? Contact an Agent today

Colliers International - Perth

Level 26, 197 St Georges Terrace

Perth WA 6000

Long Term Lease - Caltex

Colliers International is pleased to present to the market, 3 Morwell Street, Yanchep.

The service station is in a high profile location at the entry to the Yanchep / Two Rocks area. Other developments nearby include, a new McDonald’s restaurant and Yanchep Central which is a Woolworths anchored shopping centre.

Yanchep was the fastest growing area in Western Australia in 2015-2016 and is expected to continue to enjoy strong population growth.

Key Features:

• Lease expires 2031

• Strong volume throughput

• Base rent $350,097 paid every six months in advance

• Minimum fixed rent reviews of 3% per annum

• Turnover rent circa $40,000 per annum FY 17/18

• Over 50 metres of frontage to Marmion Avenue

For Sale by Offers to Purchase campaign closing Thursday 18 October 2018 at 2pm (AWST).

3 Morwell Street, Yanchep, WA 6035

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