Are you interested in the sale of service stations and rent costs at them? If so, this article will be highly beneficial to your understanding of certain stations located in Australia. With the increasing dollar amount of rent, this article explains how much the some of the properties within the region are being offered up and how much you can expect to see from their sales.
- A stable of United Petroleum-owned service station sites have gone under the hammer this month, totalling more than $22 million in sales.
- Auctioneer Burgess Rawson director Jamie Perlinger said the Sydney auctions were quite competitive.
- “In Melbourne and Hobart the interest was there, and we ended up selling one under the hammer and the other two straight after,”
“Each of the properties sold went for 20 year leases to 2036 at fixed annual rent increases of 3.5 per cent, with the tenant responsible for all outgoings, structural works, underground repairs and remediation.”