RE/MAX U commercial specialist Deepen Khagram has demonstrated his superior networking and negotiation skills once again, this time in the off-market sale of a service station at the entrance of one of the northern Gold Coast’s fastest growth precincts.
The 7-Eleven service station at Pimpama sold to a Brisbane family for $7.8million
The sale realized a 5.5 per cent yield.
The 5,058m2 site features a 7Eleven and a Coffee Club, two national tenants on long term leases.
Both these leases commenced in March 2018 and come with strong depreciation benefits.
Mr Khagram said that service stations were very attractive to investors, especially those that have long leases to national tenants.
“These buyers will receive good income in a low interest environment.
“Pimpama on the Gold Coast is experiencing exponential growth. This ensures that the tenants’ businesses in this commercial investment property will be exposed to a growing catchment,” he said.
Deepen Khagram is available on mobile 0409 557 421 and email email@example.com
Contact for media:
Lyn Cox, public relations, RE/MAX Australia – M. +61 418 793 096
About RE/MAX: From a single office that opened in 1973 in Denver, Colorado, RE/MAX has grown into a global real estate network with more than 134,000 sales associates in more than 110 countries and territories. Its entrepreneurial culture affords its agents and franchisees the flexibility to operate their businesses with great independence.