Case Studies

62-68 Memorial Avenue, Woy Woy, NSW

Positioned 5 minutes drive from the Woy Woy town centre, this site offers investors an exceptional opportunity to purchase a premium investment. Currently head leased to Caltex Australia, the site consists of petrol station, convenience store and is one of the few service stations on the Central Coast of NSW with a car wash.

• There was a very strong response to the marketing campaign from investors. On the day of the auction, bidding was extremely competitive from four prospective buyers in the room. The end result was a price that far exceeded the vendors’ expectations.
• There is 5 year lease currently in place, expiring 30 April 2018. A further 5 year lease has been signed (to commence upon expiry) and three further 5 year options are also available.
• Memorial Avenue is one of the area’s main thoroughfare roads, linking Woy Woy through Blackwall to Ettalong Beach. The property features a Caltex convenience store, canopy area and provides ease of access for customers.

Sales Analysis*
Sale Price:$2,981,000
Net Yield:8.174%
Net Income:$243,688* as per CPI and at 1 May 2016.

Increases and market reviews annually.

Land Area:3,716m²*
Zoning:IN1 General Industrial
Outgoings:Responsibility of the tenant as per lease.
Due Dilligence:Full copies of the lease documentation are available upon request. Please contact the selling agents for further information.
Sales Process:
Sale Date:18 October 2016
Sale Type:Auction
Venue:AuctionWorks, 50 Margaret Street, Sydney, NSW 2000
Purchaser:Private Investor
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