545 Bussell Highway, Broadwater, WA, 6280

RWC WA and Colliers proudly present a fantastic opportunity to secure a long term property investment with a long lease over a prominent service station, within the tourist hotspot region of the coastal south west. Situated directly on Bussell Highway, the main thoroughfare of the region, the service station captures over 10,200* passing vehicles per day.

Comprising a recently refurbished service station and convenience store, with four fuel bowsers, the property is anchored by Burk Fuel on a long-term lease of 15 years with options until 2059. Burk Fuel, being a WA owned enterprise, operate 11 services stations throughout WA and a further 1 in Victoria.

The property occupiers a prominent regular shaped 2,000sqm site directly adjoining the Broadwater Shopping Village. The Busselton town centre is situated 6km* east of the property with direct access afforded via Bussell Highway. Immediate surrounding development comprises a range of tourist accommodation sites and residential dwellings. The pristine coastline is situated a mere 500m* north of the property.

Property features include:

• Passing net income of $248,000 plus GST

• Annual increases to greater of CPI or 3%

• Long term lease of 15 years until 2039 with four 5 year options to 2059

• Refurbished structure featuring a 166sqm* convenience store with four fuel bowsers

• Regular shaped site of 2,000sqm

• Extra income via rooftop solar panel lease

• Residential living quarters situated to rear of the convenience store

• This is a property investment with a 15 year lease (the business is not for sale)

Expressions of Interest closing Tue 15 October 2024 at 4pm AWST

For further information or to arrange an inspection please contact the agent:

Brett Wilkins

Director Capital Markets

RWC WA

0478 611 168

brett.wilkins@raywhite.com

Richard Cash

State Chief Executive

Colliers

0412 006 949

richard.cash@colliers.com

Aidan Austen

Executive

Colliers

0488 344 676

aidan.austen@colliers.com

*Approx

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