Stonebridge Property Group team have listed another freestanding Caltex Service Station for sale in Geelong North, which will fuel into the growing demand for single tenanted income producing investments. Stonebridge directors Kevin Tong and Rorey James will be marketing the service station for sale. 

Located on Thompson Road (a major thoroughfare in Geelong North), the 1,668sqm site will attract interest from investors, especially those chasing long term security.

The freestanding service station is securely leased to Westide Petroleum (which is 100% owned by ASX Listed Viva Energy Group) with a passing net income of approximately $260,000. The service stations forms part of the Geelong North commercial precinct being passed by 16,000 vehicles daily.

Stonebridge directors Kevin Tong and Rorey James will be marketing the service station and anticipate the 15-year Net Lease to ASX Viva will be hotly contested given the current low interest rates and limited opportunities.

Mr. Tong added “The growth in Geelong is unprecedented at the moment, with the working from home strategies driving more of sea change for residents. When you couple this with the 50% stamp duty savings on regional locations, assets in Geelong become extremely attractive.”

Stonebridge Director Rorey James also added “This asset ticks a lot of the boxes for investors. 15 Year NET lease to a ASX listed tenant, with land and newly built, with interest rates where they are at the moment assets like Caltex Geelong North become very logical investment options.”

To request a copy of the Information Memorandum please contact one of the marketing agents Stonebridge directors Kevin Tong and Rorey James via the contact form below. 

Recent service station transactions including:

• Shell in Yarraville - $10,500,000 // 5.93% Yield
• Caltex Wodonga - $1,600,000 // 4.55% Yield
• Shell in Torquay - $8,350,000 // 4.90% Yield
• 7/11 Maidstone - $6,700,000 // 4.83% Yield 
• BP Westernport - $20,300,000 // 4.89% Yield

To request a sales analysis of recent transactions please email either of the selling agents Stonebridge directors Kevin Tong and Rorey James via the below contact forms.