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.

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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.

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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.

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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.

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