Service Station News & Market Trends

A 7-Eleven next to the iconic Dreamworld theme park is poised for a thrilling next ride when it goes to auction as part of a very special auction event this month.

National fuel and convenience retailer 7-Eleven will auction a second and final portfolio of 18 stores across Australia, as demand for the assets hits fever pitch.

Supermarket giant Woolworths has stepped up plans to expand its store network and has emerged as the buyer of 10 Caltex service station properties the oil company sold across Australia last week in a larger $136 million deal.

Six Victorian petrol stations have moved a step closer to shutting their bowsers after a mass sell off by Caltex — and more closures will be announced next year.

The United service station at Wivenhoe and a key component of Devonport’s automotive precinct will be up for grabs at an auction next week.

Caltex plans to embark on a $1 billion property float made up of a half-stake in 250 of its retail sites as it seeks to tap investors chasing yield against the backdrop of low global interest rates.

Plumpton’s 7-Eleven petrol station is up for auction with a price expectation of between $6.5 million and $7 million.

Burgess Rawson has celebrated one of the most successful Portfolio Auctions in the agency’s history, selling $135.28 million worth of commercial property in one day.

One of the year’s most significant retail property offerings has achieved a stunning result, with a huge portfolio of 7-Eleven fuel convenience outlets selling at a Burgess Rawson auction event.