Agent Details
Rick Bird
Transact
Email: rbird@raywhite.com
+61 417 750 950
+61 (7) 3231 2236
Contact Agent
IPSWICH QLD 4305
Caltex fuels, ipswich
IPSWICH QLD 4305
Property ID#: 318407
Property Type:Retail
SOLD
With the tightening credit market, Ray White Invest embarked on a sale campaign to sell a portion of its Service Centre Trust portfolio in Victoria and Queensland. The Caltex Fuels at 126 Warwick Road, Ipswich, was particularly attractive as the yearly rental of $148,632 had just been paid in advance and the tenant is a national company. The sale at $1.8 million reflected a yield of 8.26 per cent. The property was leased until April 2016 with two five year options available thereafter.