Taylor Nicholas and May Estates are pleased to offer for sale 163 The Boulevarde, Fairfield Heights under instructions from Mr Stephen Hathway of Helm Advisory, Receiver & Manager appointed.
The property is a mixed use investment with the benefit of multiple income streams, each with separate tenancy agreements. It comprises of an Ampol service station with convenience store, separate mechanical workshop, car wash with cafe together with 4 x 2 bedroom residential units on the upper level. In addition, there is a lease for a rooftop antenna. Current total gross income is approximately $361,082.86 pa plus GST. The property occupies a prominent corner position having a large site area of approximately 2,042 sqm. It has a wide frontage to The Boulevarde of 56 metres, offering high exposure to passing traffic with a 36 metre side boundary. The property is conveniently located close to the Fairfield Heights retail centre and is within a short distance of the Fairfield retail/commercial centre and railway station.
163 The Boulevarde presents an excellent investment opportunity for those seeking a substantial property with a diverse tenancy mix. The major tenant Ampol is backed by the multi-national EG (Australia) Ltd who bought Woolworths Petrol in 2019 for $1.7 billion, operating some 540 service stations around Australia. They have a long lease with options to 2048. The other commercial tenants have been long term occupants.
The property is to be offered for sale by Public Auction on Tuesday 20 August 2024. The Receiver’s instructions are that the property is to be sold on the day. For further information or to arrange an inspection, please contact the exclusive selling agents.