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Westside Petroleum/Viva Energy, 226-242 Princes Drive, Morwell, Vic 3840

Westside Petroleum/Viva Energy, 226-242 Princes Drive, Morwell, Vic 3840

Retail Showrooms/Bulky Goods Land/Development

  • Sold Contact Agent
  • Wed 27-Feb-19

Brand New Development - Brand New 15 Year Lease To Westside Petroleum

  • Strategic Town Entrance Location
  • Fixed 3% Annual Rent Increases
  • Significant Tax Saving Depreciation

  • Land Area
  • 0.44ha (1.08 acres) (approx)
  • Floor Area
  • 624 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 30, 2019

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Jamie Perlinger, Burgess Rawson - Melbourne
Jamie Perlinger
Raoul Holderhead, Burgess Rawson - Melbourne
Raoul Holderhead
Scott Meighan, Burgess Rawson - Melbourne
Scott Meighan

Brand New Development - Brand New 15 Year Lease To Westside Petroleum

Brand new 15 year lease to 2033 plus options to 2068.
Fixed 3% increases assuring growth.
Lessee pays usual outgoings as per the lease.
VIVA Energy: the exclusive Shell licensee in Australia with a network of 1,000+ retail outlets. Substantially owned by Vitol, a multinational energy
& commodities giant with turnover of $181 billion (2017).
Brand new dual canopy development providing substantial taxation saving depreciation.
Commanding 4,362 sqm site with 68 metre frontage to Princes Drive.
Strategic main road location surrounded by complementary automotive tenants and close to Mid Valley Shopping Centre the largest shopping centre in Gippsland – Woolworths, Coles and Bunnings.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $395,224 pa (April 2019).

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Westside Petroleum/Viva Energy, 226-242 Princes Drive, Morwell, Vic 3840

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