SOLD
Sold on 01 Mar 2024 for $2,800,000

390-392 Boundary Street
Wilsonton QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1780m2
Save

Property Details for 390-392 Boundary St, Wilsonton

Building Type
Commercial
Land Size
1780m2
Local Government
Toowoomba Regional
Lot/Plan
1/RP850916

Last Listing description (November 2023)

For the first time in over 19 years this well known property has hit the market and is to be offered for sale. A Shell Service Station renowned for some of the best food in the area and strong fuel sales.


One of Toowoomba's best service station investment sites.

Over 1,700m2 located on the corner of the Warrego Highway and a main arterial road, opposite a renovated Aldi Shopping Centre.

This investment offers the security of a long straight lease until 2036 with a Tenant, producing incredible sales. In fact, the business has been a high performer for many many years.


Property Key Points:

- Opportunity to redevelop and add a drive-thru option

- Shell (Viva Energy) Branding Independent Operation

- Long straight lease in place until 2036

- CPI Annual Increases

- $317,920 Net Annual Income Including "Tank Fee"

- Owners completed a full environmental assessment in 2022

- LOCATED IN MAJOR GROWTH CORRIDOR

- Owners replaced fuel bowsers on site around mid 2019

- Property sits adjacent to near new Aldi Shopping Centre

- Located on the Warrego Highway and key arterial road Boundary Street

- Current operators installed solar panels, refreshed the cosmetic condition and are looking to add additional offerings to increase trade

- Strong rental and additional tank fee income for years to come

- Proven systems set in place by the operators have resulted in a solid business

- Site benefits from the Toowoomba Bypass Boundary St access interchange

- Supply agreement in place with strong international company

- Business owners updated majority of the P&E only a few years ago



With direct access to Boundary Street the property benefits from the on/off ramp to the major Toowoomba Bypass (Second Range Crossing) allowing motorists to skip the chaos of the city. Traffic lights at the Warrego Highway junction allow drivers time and access the site from all directions.

Toowoomba is a key strategic link in the National Land Transport Network with almost half of all exports from the Port of Brisbane originating from regions accessed via the existing Warrego Highway Toowoomba Range section.

A single island canopy features near new bowsers, separate hi-flow diesel and a spacious forecourt allows for traffic flow and simplicity. The wide driveways and parking bays cater to all vehicles with ease of ingress and egress.



Lease Key Points:

Tenant: Independent (Operates multiple caf/food franchises)
Net Rent: $293,960 + GST per annum
Tank Fee (Additional Income): $30,000 + GST per annum
Term: Lease expires December, 2036
Annual Increases: CPI - Due 8th December annually



Tank Capacities:

Unleaded - 25,000 L
Premium Unleaded -19,000 L
Diesel - 16,000 L
Diesel - 16,000 L



For Sale by Expressions of Interest



Contact me today to find out how this Shell Freehold Service Station Investment Property could make your life easier!



For further information on this opportunity, please contact

Jacob Reeson

Service Station Specialist

M:0432 906 946

https://www.linkedin.com/in/jacob-reeson-service-station-sales-specialist/

Property History for 390-392 Boundary St, Wilsonton, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$2,800,000
01 Mar 2024
  • 01 Mar 2024
    Sold for $2,800,000
  • 05 Apr 2023
    Listed for Sale Expressions of Interest
  • 23 Dec 2020
    Listed for Sale $4,000,000
Sign in to see more transactions

Commute Calculator

About Wilsonton 4350

The size of Wilsonton is approximately 5.3 square kilometres. It has 13 parks covering nearly 7.7% of total area. The population of Wilsonton in 2011 was 5,986 people. By 2016 the population was 5,958 showing a population decline of 0.5% in the area during that time. The predominant age group in Wilsonton is 0-9 years. Households in Wilsonton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wilsonton work in a trades occupation. In 2011, 62.3% of the homes in Wilsonton were owner-occupied compared with 59.3% in 2016.

Wilsonton has 3,452 properties. Over the last 5 years, Houses in Wilsonton have seen a 101.59% increase in median value, while Units have seen a 91.14% increase. As at 30 November 2024:

  • The median value for Houses in Wilsonton is $558,972 while the median value for Units is $423,045.
  • Houses have a median rent of $473 while Units have a median rent of $380.
There are currently 11 properties listed for sale, and 14 properties listed for rent in Wilsonton on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Wilsonton.

Suburb Insights for Wilsonton 4350

Market Insights
Wilsonton Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Wilsonton Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.