FOR SALE
For Sale via Private Treaty

383 Southport-Nerang Road
Molendinar QLD 4214

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 516m2
Land area: 3565m2
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New BP Service Station and Fast-Food Investment

This newly built BP Service Station and Fast-Food investment is situated on a prominent corner allotment in the world-famous Gold Coast of Queensland.
KEY INVESTMENT HIGHLIGHTS
- 100% leased to BP Australia and Carl's Jr.
- Brand new leases up to 15 years with options extending through to 2051: (1) BP Australia: 10-year net lease to May 2031 (plus 4 x 5-year options); and (2) Carl's Jr.: 15-year net lease to June 2036 (plus 3 x 5-year options).
- Weighted Average Lease Expiry (WALE): 8.04 years by Income (as at 01 February 2025).
- Current Net Income: $592,864 p.a.* plus GST.
- Landlord-favourable net lease terms with the tenants responsible for all statutory and operating outgoings.
- Strong and certain rental growth with annual increases of 3.25% (BP Australia) and 3.0% (Carl's Jr.).
- Brand new 2021 construction, offering modern infrastructure and significant tax depreciation benefits.
- State-of-the-art purpose-built facility including drive-thru fast food, convenience retail with high height canopy, automotive and 4WD Centre.
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Property Details for 383 Southport-Nerang Rd, Molendinar

Building Type
Commercial
Floor Size
516m2
Land Size
3565m2

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About Molendinar 4214

The size of Molendinar is approximately 7.7 square kilometres. It has 15 parks covering nearly 7.2% of total area. The population of Molendinar in 2011 was 6,213 people. By 2016 the population was 6,379 showing a population growth of 2.7% in the area during that time. The predominant age group in Molendinar is 20-29 years. Households in Molendinar are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Molendinar work in a professional occupation. In 2011, 61.1% of the homes in Molendinar were owner-occupied compared with 59.9% in 2016.

Molendinar has 3,410 properties. Over the last 5 years, Houses in Molendinar have seen a 72.07% increase in median value, while Units have seen a 84.55% increase. As at 30 November 2024:

  • The median value for Houses in Molendinar is $1,101,458 while the median value for Units is $610,622.
  • Houses have a median rent of $850 while Units have a median rent of $630.
There are currently 11 properties listed for sale, and 19 properties listed for rent in Molendinar on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Molendinar.

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Tom Barr
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