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End of year sees P&C site opportunities

Those looking to get into the petrol and convenience industry will find plenty of opportunity prior to year’s end. In addition to a fresh round of United Petroleum sites, a variety of other properties are on the market through BurgessRawson  including Shell, 7-Eleven, Puma Energy, Coles Express and Metro branded sites.

In Sydney on December 6, three sites at Condobolin NSW, Towradgi NSW and Midvale WA will go under the hammer.

The long standing Condobolin Shell station, plus convenience store and food outlet, at 114 Bathurst Street, offers a recent 10 year lease with options to 2035. The site has new signage by Shell and has been recently upgraded by the tenant, an experienced operator with approx six other service station sites.

At 162-166 Pioneer Road Towradgi, NSW, on a major thoroughfare leading to Wollongong CBD, a new service station and retail investment, features two 12 year leases to 7-Eleven and Australia Post expiring in October 2027 plus options extending to 2042.

In WA, a new service station investment offers a 15 year lease to August 2031 plus options to 2041. The site at 232 Morrison Road, Midvale is leased to Puma Energy and located on major arterial route within Midvale/Midland growth precinct; next to Hungry Jack’s and McDonald’s.

Going under the hammer in Melbourne on December 7, a Coles Express at 20-22 Gell Street (corner Bennett Street), Bacchus Marsh offers a new 15 year lease to 2031 plus options to 2056 and attractive fixed annual 3.5 per cent rental increases.

Also available by Expressions of Interest closing December 8, an established Metro Petroleum branded service station plus convenience store at 4623 Olympic Highway, Young is on offer with an anticipated yield of circa 8.5 per cent plus a recent 10 year lease to 2025 and option to 2030.

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