This commercial investment opportunity is fuel for thought

Investors like a “set and forget” opportunity, and they don’t come much better than this Greenway service station.

One good reason is the quality of the national tenant: Viva Energy Australia is a leading fuel and energy provider, supplying a quarter of the nation’s fuel needs through more than 1300 service stations.

Another good reason is the length of the lease and options that could potentially secure the property until 2052.

Also on-site is a Reddy Express outlet, a new brand launched by Viva to replace the Coles Express brand. It offers food, snacks and fuel.

Then there’s a sub-tenant, Jax Tyres & Auto.

The service station is on a 3129-square-metre corner block in a strategic location close to South Point Shopping Centre, which is home to anchor tenants such as Woolworths, BWS, Coles and Big W.

Guy Randell of Burgess Rawson Canberra says the tenant isn’t going anywhere soon.

“Viva has carried out upgrades and refurbishments of the site in recent years, demonstrating their commitment to this outstanding site,” he says.

“And it’s one of the most high-profile sites in Canberra.”

Viva is responsible for all costs associated with the lease and management of the sub-tenant, further simplifying investor involvement.

The price guide for the property is $8.5 million. Net Income is around $495,000 per annum plus GST. Annual CPI rent reviews are built into the lease.

SOLD - Price Withheld

149 Soward Way, Greenway ACT 2900

-

-

-

View property