Service Station News & Market Trends

Coles has exited the fuel and convenience game to focus on its core and more profitable groceries arm, transferring $816m of leases off its balance sheet.

Investors are chasing certainty in familiar locations and essential service assets with long-term leases, with buyers new to commercial fighting for more affordable assets.

When it comes to who buys what in the world of commercial real estate, different buyer types are typically associated with different assets.

A one-year-old South East Qld service station that sees an estimated 110,000 vehicles pass by every day drew seven offers before selling at auction for the cost of a mansion.

Commercial agency Burgess Rawson witnessed a ”flight to quality” across its three-day portfolio auction this week, with investors turning to the tried and tested childcare, retail and medical assets.

Despite interest rate rises scaring off some buyers, the Burgess Rawson portfolio auctions proved many are still prepared to pay a premium for essential service assets with long lease terms.

Petrol stations have kept Australians moving for generations, and petrol; brands have proved just as portable. Why did some of our most famous brands disappear, and what lies ahead for fuel retailers?

The upcoming Burgess Rawson portfolio auction will feature a suite of essential service assets leased to national brand tenants, which in a volatile climate could lure cashed-up investors to commercial property for the very first time.

With a secure income stream, long-term leases and well-located sites, petrol stations have become the hot ticket for investors as they capitalise on new players in the market and growth in the sector.