Palmerston service station with almost $400k annual income to go to auction
A POPULAR Palmerston servo is up for sale and is set to go to auction
Northern Territory
Don't miss out on the headlines from Northern Territory. Followed categories will be added to My News.
A POPULAR Palmo servo with an estimated annual income of almost $400,000 is going to auction.
3 Lambrick Ave, Bakewell — the Caltex servo at Bakewell Shopping Centre — is going to auction on Thursday, November 5 with major commercial real estate company Cushman & Wakefield in Brisbane.
MORE BUSINESS NEWS
Landlords halve rents to keep Darwin CBD shops in business
About 20 new jobs up for grabs as Aust Post boosts NT workforce
Inpex to axe an estimated 65 jobs from Ichthys LNG project
The site includes the Caltex servo with a floor space of 463 sqm, a land area of 2710 sqm and 14 car parks.
According to the listing, it has a net income of $390,000 per annum plus GST.
The was built in 2016 and is site currently independently owned.
It has a 15 year net lease to 2035, with options to 2065.
LIMITED TIME: New NT News subscription offer: $1 a week for the first 12 weeks
The auction will be held at a Sydney-based location at 1pm AEDT. Prospective purchasers and interested parties will have access to remote bidding facilities in Brisbane and Melbourne.
raphaella.saroukos@news.com.au
Originally published as Palmerston service station with almost $400k annual income to go to auction