FOR SALE: New servo, truck stop goes under the hammer
A NEW service station and truck stop east of Toowoomba could sell for millions when it heads to auction this month.
The new Shell servo on the Warrego Highway at Hatton Vale will go under the hammer on June 23 in Sydney through agency Burgess Rawson.
The property, which was completely finished just a few days ago, could fetch seven figures as investors look to snap up "essential" businesses in the current coronavirus climate.
"It is new, the construction on the diesel canopy should have been completed last Friday," Burgess Rawson Brisbane associate director Jamie Dewe said.
"It's just a good mix of all three investor locations (Brisbane, Sydney and Melbourne) at the moment, (so) we're expecting it to be competitive.
"Given the current times, things like service stations are essential services.
"They've been trading through this and that's the attraction to properties like this at the moment."
Mr Dewe said the service station's position on the Warrego Highway would make it a drawcard, with site seeing about 21,800 vehicles pass by every day.
"You've the exposure of the highway on there, and then there is the corner position, so you can come in and out really easily," he said.
"Shell is a great brand with fuel and it's got that long-lease term of 10 years."
The sale will be held at the Auction Centre on Margaret St in Sydney on June 23 from 11am.
For more information about the property or the auction, call Jamie Dewe on 0410 350 273, Kieran Bourke on 0417 418 007 or Rhys Parker on 0451 101 042.