SOLD: $5.1m Lockyer Valley petrol station snapped up
The tenants will continue to lease the business for at least the next six years.
Business
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A LOCKYER Valley petrol station has secured new owners after being listed for sale since before February.
READ MORE: CLOSING SHOP: Five businesses selling up in the region
The Coles Express Shell Service Station, located at 73 Railway Street, Gatton, sold on May 25 to a buyer not local to the region.
The sale was finalised following an auction, in which a fuel and convenience retail real estate investment trust offered to purchase the business for $5.1 million.
Since its construction four years ago, the petrol station had been owned by its developer.
READ MORE: New petrol station opening soon on Warrego Highway
The Gatton Star understands the business will continue to be tenanted by the Coles Group for at least the next six years.
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