Completed

Locus Property's acquisition of a Riverton site on High Street, featuring an Ampol Service Station, strategically leverages its prime location on the bustling northern side, ensuring consistent high turnover.

SITE AREA 2,106m2
TENANTS 1
VALUE $6M
COMPLETION Completed

Acquired in January 2023 the Ampol Service Station tenancy had 18 months to run. Given its strong trading location on the northern side of High Road, strong traffic and customer habits deliver solid turnover for the current and any future tenant. Strategy includes engaging with existing tenant and either re-sign to extend, or seek alternative tenant whilst developing new operations such as car repair and signage to increase cashflow. Purchased below replacement cost with income improvement opportunities and likely yield improvements will deliver strong financial returns for the project investors.