SOLD - Cheltenham North (Melbourne) - Caltex

With its strategic Cheltenham North location and within close proximity to national and international brands including IKEA and Bunnings, the Caltex Service Station located on the six laned Warrigal Road represents a rarely offered investment opportunity. The property is secured through its long term lease to the ASX50 Caltex Limited and has some of the most favourable lease characteristics ever offered to the market.

Key Features Include:

• Brand new 15 year lease to 2032 plus options to 2052
• Caltex Australia Ltd - An ASX50 company founded in 1900 with a market capitilisation of $8.19 Billion
• Large 1,908 sqm* corner site with significant exposure to the six laned Warrigal Road which accommodates high-scale commercial and domestic transport
• Tenant pays all outgoings (excluding Land Tax)
• Fixed 3% annual increases
• Net Income $180,000 pa + GST

*Approx.

For Sale via auction on Wednesday 18 October 2017 at 10:30am AEDT at the Cushman & Wakefield offices - Level 9, 385 Bourke Street, Melbourne.

For more information, please contact exclusive agents Cushman & Wakefield.