Gold Coast 7-Eleven service station sells for $8.9 million

A fully leased 7-Eleven service station and retail complex at Oxenford on the northern Gold Coast has been sold at auction by Ray White Commercial for $8.92 million.

The property at 141 Maudsland Road attracted 10 registered bidders and was sold to an interstate buyer for a yield of 7.56 percent.

It was recently leased until 2026 with two five-year options.

Sitting on a land area of about 0.75 hectares, the service station earns a net rental income of about $674,550 per annum.

The selling agent was Michael Willems of Ray White.

Willems said the commercial complex is less than a year old and on a high volume traffic road in the heartland of the Riverstone Crossing Estate, where 1,000 homes are being built.

“The property offers a net lettable area of 2,267 square metres, including 1,040 square metres of 10 retail shops,” he said.