Stonebridge National Investment Sales is pleased to present to the market, Mobil (Pearl Energy) & Zarraffa’s Hervey Bay, for sale via Expressions of Interest.

The asset has the following key investment features:

• Mobil (Pearl Energy) – Brand new 15 year net lease to 2036 + options to 2066
• Established, premium national fuel & convenience retailer projected to rapidly grow to 100+ locations nationally by 2023
• Zarraffa’s Coffee – Brand new 15 year net lease to 2036 + options to 2066
• Successful 12 year Hervey Bay track record, proven national tenant & pioneer of coffee drive thru’s with 70 outlets across Australia
• Prominent 2,228 sqm ‘gateway’ site on bustling Boat Harbour Drive – a blue chip retail thoroughfare carrying 19,471 vehicles daily
• Boat Harbour Drive – retail ‘magic mile’ home to Bunnings, KFC, McDonalds, Hungry Jacks, Dan Murphy’s, Supercheap Auto, BCF & major Stockland Shopping Centre
• Well configured convenience retail & fast food site – 16 car parks, drive-thru and important heavy vehicle/truck manoeuvrability lane
• Brand new improvements providing optimal depreciation benefits
• Hervey Bay – World renowned tourist destination and focal point of Fraser Coast region, trade catchment 107,000+ & 4.3 million visitors annually, experiencing significant population growth
• Net Leases – tenants pay all usual outgoings (including 79% of Land Tax)
• Leases secured by 3 month Bank Guarantees & Directors Personal Guarantees
• Annual rent increases in line with CPI
• Net Income $444,851 pa* + GST

*Approximate

The Investment is for sale via Expressions of Interest closing Thursday 7th July at 1pm.

Please contact the exclusively appointed Stonebridge property professionals for more information.