Numurkah 3221 Goulburn Valley Highway

Land Banking opportunity - Existing Petrol station and unused attached land

The subject property comprises an older highway roadhouse petrol station and truck fill, including a convenience shop (currently being refurbished by the tenant) with under roofline diner, an attached canopy over a single pump island, an open diesel pump island (located off site), three underground steel fuel storage tanks (total capacity of 109,000 litres). Refurbishment works include installation of a new shopfront, upgrading air-conditioning, cool room repairs and dwelling upgrade (undertaken by the landlord) and shop fit out (including commercial kitchen) and installation of new fuel dispensers (undertaken by the tenant). We are advised by the owner/landlord that the combined cost of the works is in the vicinity of $400,000 to $460,000. The property is located on the Goulburn valley Highway, just south of the township of Numurkah. It is approximately 30 Kilometres north of Shepparton and 220 Kilometres north of Melbourne's CBD. Long Fifteen- and Seven-year Net Leases to Viva Energy plus options through to 2072 and annual CPI Rent Increase.