177 Government Road
Service Station with Value Add Potential
Tony Grbcic and Adam Grbcic from Kollosche Commercial are pleased to present to the market, 177 Government Road in Labrador.
A truly well positioned asset which offer the investor or developer the rare opportunity to secure an established service station center which can be re-positioned to offer a high yielding return.
The Property comprises;
- Land Size: 3,124 square meters*
- Triangular shaped site which provides a wide, 104 metre, frontage to Government Road
- An established service station center with ancillary tenancies
The Property is Anchored by a service station tenancies and currently comprises a total of four tenancies, which include;
- Puma Energy Service Station
- Tyres by Appointment (Mechanic Work Shop)
- 180m2* of vacant retail/showroom space
- 60m2* vacant cafe/retail space
Upon full occupancy, the property could provide a net return $260,000-$280,000 + GST per annum.
This is the ideal opportunity for investors or developers to re-position the asset by either;
- filling the vacancies as is, obtaining a market rental
- refurbishing the building to attract a broader range of tenants
- redeveloping the ancillary space and purpose building to adjoin national tenants with showroom space, retail, drive through or several other suitable uses for this highly exposed location.
This is an opportunity to maximize and develop this site into it's highest and best use, whilst attracting a passive income from the anchor tenant.
For more information, please contact Tony Grbcic or Adam Grbcic from Kollosche Commercial.
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.
Enquire about this property
177 Government Road Labrador
- Close to Transport
- Close to Shops
- Close to Schools
- Car Parking - Surface
- Disabled Access
- Council Rates - $16988 per quarter
- Water Rates - $5064 per year
- Other Outgoings - $6218 per quarter