1711 Yass Valley WayYass NSW 2582
Property Details for 1711 Yass Valley Way, Yass
Last Listing description (January 2015)
Yass Service Centre is situated on one of Australia's busiest highways, with the property income being underpinned by a WALE of almost 10 years from mutinational companies Caltex, McDonalds & KFC.
The property comprises a Caltex Petrol Station, Star Mart Convenience Store, Coolabah Tree Cafe, with modern, free-standing McDonalds and KFC fast food outlets.
Located in southern NSW, the asset is strategically located at the junction of the Hume Highway and Yass Valley Way, on the major arterial road connecting Sydney (282km), Canberra (70kms) and Melbourne (600kms).
The property has an estimated net annual income (2014-2015) of $1.803 million.
Other Investment Highlights
- WALE of almost 10 years
- Lease to Caltex, expiring in August 2024 (*)
- Lease to McDonald, expiring in February 2026 (*)
- Lease to KFC, expiring in January 2021 (*)
- Limited competition, closest service centres are situated at Gundagai (90kms) and Goulburn (80kms)
- Potential to develop vacant land (34,430m2)
(*) Subject to formal exercise of lease options.
For Sale by Expressions of Interest closing 2pm - Thursday 6 November 2014.
Joint Selling Agents:
MMJ Canberra
Gavin Obst 0408 490 066 gavin.obst@mmj.com.au
Nick George 0419 205 619 nick.george@mmj.com.au
Colliers International
Property History for 1711 Yass Valley Way, Yass, NSW 2582
- 03 Jun 2024Sold for $5,100,000
- 19 Dec 2014Sold for $23,338,085
- 03 Oct 2014Listed for Sale SOLD - Price Withheld
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About Yass 2582
The size of Yass is approximately 93.2 square kilometres. It has 22 parks covering nearly 1.2% of total area. The population of Yass in 2011 was 6,328 people. By 2016 the population was 6,511 showing a population growth of 2.9% in the area during that time. The predominant age group in Yass is 0-9 years. Households in Yass are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yass work in a professional occupation. In 2011, 71.9% of the homes in Yass were owner-occupied compared with 72.6% in 2016.
Yass has 3,518 properties. Over the last 5 years, Houses in Yass have seen a 65.24% increase in median value, while Units have seen a 47.44% increase. As at 31 October 2024:
- The median value for Houses in Yass is $692,341 while the median value for Units is $461,228.
- Houses have a median rent of $530 while Units have a median rent of $420.
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