Woy Woy Caltex sold at $2.98 million

Woy Woy Caltex sold at $2.98 million
Woy Woy Caltex sold at $2.98 million

A Caltex service station in the Central Coast town of Woy Woy has fetched $2.98 million at a recent auction.

Ray White Commercial sold 62-68 Memorial Ave to a private investor for an annual return of 8.1%.

Its net rent was put at $243,000.

There was a lease in place until 2023 with three five-year options available.

It last sold at $200,000 in 1997.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Commercial Auction Woy Woy

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?