74 Forth Road, Turners Beach

Located in the Turners Beach/Forth area of the North West Coast of Tasmania, this property is positioned to service both the surrounding local communities, as well as the significant volume of passing traffic on the nearby Bass Highway. The service station has been operating for over 50 years, with the current tenant occupying the property since 2014. The tenancy provides the sale of petrol, general groceries, hot and cold takeaways, and is an Australia Post approved site, offering postal services and PO boxes. Report available as evidence that site is compliant with all environmental requirements, tested regularly as a tenant and regulatory responsibility and is free from any contamination or other issues. The tenant works with their supplier Shell Australia, who have recently installed modern, digital price boards at the road side. The building size is approximately 95 sqm and sits on a land area of approximately 1,265 sqm. With the tenant looking to remain at the site long into the future, they have recently taken up the first of their 5 year Options, with the current lease expiry November 2024, having lease Options in place through to 2039. A great long term investment showing an approx 7.5% net return on listing price, with annual CPI increases during each lease term and market rent reviews on commencement of Option periods. Listing price is reduced to sell quickly at $670,000. Contact the listing agent Colin Rowlands of Halliwell Property Agents for further information.