134-136 Blackstone Road SILKSTONE QLD 4304

211 m2

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Fully Leased Property Investment with A Grade Covenant

Positioned on a corner allotment with a wide street frontage that has high exposure and easy access to vehicular traffic, this multi-tenanted asset offers the investor security, tenure and well-structured lease agreements providing thorough protection to the future landlord.

The Property is currently fully tenanted by a;
- BP Service Station (The Epic Group) 94.4% of the income*, and
- Mechanical Workshop 5.6% of the income*.

The investment opportunity provides a;
- BP Service Station on a 10 year lease expiring September 2030 (with 4 x 5 year options)
- Mechanical Workshop on a 5 year lease expiring on September 2024 (with 1 x 5 year option and the current tenant has run their business on this site for over 20 years)
- Fixed 3% annual increases on both leases
- 100% of outgoings recoverable, including all property expenses, land tax and management fees*

To further enhance the security of the asset, the current vendor has recently procured integrity testing, new fuel lines and the relining of all of the fuel tanks with fibreglass lining. These works are under a 30 year warranty.

Both leases contain comprehensive contamination and remediation provisions, which impose liability for contamination (where appropriate) on the relevant tenant.

In respect of the service station lease, on expiry, the tenant has an obligation to remediate so that the land is not contaminated to an extent greater than that noted in the First ESA.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

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134-136 Blackstone Road

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