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 $1,016,365 – All tenants are on NET leases


*approximately
^VicRoads


Expressions of Interest Closed – Multiple Offers Received


Justin Dowers
0438 098 8...

Kevin Tong
0422 848 8...

Philip Gartland
0403 582 3...