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
Business
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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.
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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.
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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.
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