Stonebridge Property Group is pleased to present for sale the BP Westernport Service Centre, a once in a generation opportunity to acquire the most strategically located service centre in the south-eastern corridor of Melbourne. Situated on the highly trafficked corner of Westernport Highway and Thompsons Road, leased to three (3) strong performing international and national brands, the asset represents a highly secure investment opportunity where income growth is underpinned by consistent growth in population and increased traffic flow.
We detail several key investment highlights below:
Powerhouse Fuel and Convenience Infrastructure Asset
+ Leased to three (3) international and national tenants – BP, Carls Jr and Red Rooster
+ Significant land holding of almost 2 hectares, with future opportunity for expansion and development
+ The most strategic convenience position in the south east of Melbourne – corner of Westernport Highway and Thompsons Road
+ Benefiting from significantly increased traffic flows following the recent Thompsons Road duplication and signalised intersection with Westernport Highway
+ A total of 275 metres* of frontage to the major thoroughfares, carrying a total of 69,000^ passing cars per day
+ The asset has undergone a recent major refurbishment, providing substantial depreciation benefits and minimal capital expenditure requirements
+ Fixed annual rental increase to all tenants, with the income estimated to grow 40% over a 12 year investment horizon
+ Offering separate high revenue truck refuelling facilities with a dedicated diesel forecourt and canopy
+ Long WALE of 10.7 years*
+ Net Annual Income of $1,048,000 – All tenants are on NET leases
*approximately
^VicRoads
BP Westernport Service Centre is For Sale via Public Expression of Interest closing Thursday at 5pm AEDT 10th of December 2020.
To obtain further information or to arrange an inspection, please contact our exclusive selling agents.
