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Prime servo site in Orange up for sale, earning $340,000 annual rent (and maybe a free donut)

Stock image.

By Peter Holmes

Big smoke real estate agents have described Orange as an "important and wealthy city" as they launch a sales pitch to offload a prime piece of land on the edge of the CBD.

The site itself, at 68 Molong Road, is a juicy 2,076 square metres, but it's what sits on top that makes it so valuable - a "state-of-the-art 7-Eleven" built in 2020.

The land has a 48-metre street frontage.

The site generates a net income of about $340,000 plus GST for the land owner, and it appears as if 7-Eleven is planning to stick around for a while. Perhaps even beyond the era of traditional fuel.

"Booming Fuel & Convenience Trophy," states the listing for realtors Burgess Rawson. "15 Year Lease with 3% Rent Increases".

A listing for the 7-Eleven sale.

The current 15-year lease runs to 2035, with options to 2055.

There are more than 700 7-Elevens in Australia. Aside from fuel, it is known for its Slurpees, $1 coffee and Krispy Kreme doughnuts. It has also branched out into packaged sandwiches and sushi.

There are two in Orange - on Bathurst Road and Molong Road.

After a difficult passage through council due to complaints from locals, the 24-hour service station was approved in 2018 and opened in April 2020. The 7-Eleven website named the franchisees as Rashid Walayat and his wife Zara.

The Molong Road site was in the news briefly in August 2021 when workers tested positive to coronavirus.

The land goes to auction on May 10 in the Yallamundi Rooms at Sydney Opera House.


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