Caltex service station in Kellyville sold for record $9.4 million

Caltex service station in Kellyville sold for record $9.4 million
Caltex service station in Kellyville sold for record $9.4 million

A Caltex service station in the north-western Sydney suburb of Kellyville has sold for $9.4 million.

JLL believes the price achieved represents a new record for the sale of a freestanding service station in NSW since March 2011.

According to market sales tracked by JLL transactions have ranged between $6 million and $7 million.

JLL agent Dylan McEvoy said the record sale price equated to a yield of around 5%.

The 2,634 square metre property located at 662 Windsor Road is leased to Woolworths Limited under a new 12-year net lease with two five-year options.  

The property was sold on behalf of Pioneer House Pty Ltd at auction.

Tags: 
Jll Retail Sales

Comments

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