A Chinese investor has bought a newly built petrol station and fast food complex in Goulburn for $4.53 million.
Opposite the Big Merino, the complex at 180 Hume Street has Woolworths as the major tenant, is surrounded by big brand outlets and is within 500 metres of ramps to the Hume Highway.
It had only been completed earlier this year by Canberra-based developer and former Goulburn man Rod Thompson, who bought the land from Bunnings in May, 2013, according to The Goulburn Post.
The report said that Oporto and Harry’s Cafe De Wheels were also set to join the precinct.
Listing agent Darren Beehag of Burgess Rawson said the buyer had fought off strong competition at auction to secure the strategically positioned property.
He said the 4317 square metre corner site had a 15-year lease to Woolworths, which commenced in March 2017 with options to 2052, and a 10-year lease to Red Rooster which commenced in March 2017 with options to 2047.
Bunnings Warehouse, McDonald’s, Subway and Shell are neighbours in the busy truck-stop precinct
Mr Beehag said it was a strong result but not unexpected.
“It’s a very, very good site, because it’s adjacent to a successful Bunnings, and because it’s very well known to those who travel the Sydney to Canberra, or Sydney to Melbourne route,” Mr Beehag said.
He said there was demand for more facilities in the area, both from locals and interstate drivers.
“Goulburn is growing but it’s a combination of the two. I think there was untapped demand for another service station along the highway,” he said.
Is Goulburn your Canberra to Sydney or Hume Highway stop to refuel and revive?