United Petroleum, 132-136 Somerton Road,
Somerton, VIC 3062
Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Property extent
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
United Petroleum, 132-136 Somerton Road
Somerton, VIC 3062
Map of United Petroleum, 132-136 Somerton Road
Brand New 12 Year Lease to Market-Leading Fuel Operator
- Brand new 12-year lease to 2033
- Landlord favourable net lease terms
- Annual 2.5% rent increases
Brand new 12 year net lease to 2033 plus options to 2063.
United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 450 sites nationally.
Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
Strong and certain rental growth with annual, fixed compounding 2.5% increases
Large, high-profile 2,005 sqm* retail convenience site right in the heart of Melbourne’s booming Hume Highway logistic/industrial corridor, with major Toll, Coles, Visy, Linfox, Boral facilities and intermodal terminal all within 1.1km.
Roxburgh Park Woolworths, Coles, Aldi, McDonald’s, KFC, Hungry Jack’s and Train Station all within 800 metres.
Somerton Road is an important arterial servicing an average of 32,800 vehicles per day.***
City of Hume: By 2041, the City of Hume’s population is forecast to grow 49.70% to 372,627 people.****
Strategic essential service investment.
Net Rent: $172,525 pa
To be sold by Investment Portfolio Auction:
10:30am AEST
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
**United Petroleum
***Gap maps
**** Forecast.id
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 450 sites nationally.
Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
Strong and certain rental growth with annual, fixed compounding 2.5% increases
Large, high-profile 2,005 sqm* retail convenience site right in the heart of Melbourne’s booming Hume Highway logistic/industrial corridor, with major Toll, Coles, Visy, Linfox, Boral facilities and intermodal terminal all within 1.1km.
Roxburgh Park Woolworths, Coles, Aldi, McDonald’s, KFC, Hungry Jack’s and Train Station all within 800 metres.
Somerton Road is an important arterial servicing an average of 32,800 vehicles per day.***
City of Hume: By 2041, the City of Hume’s population is forecast to grow 49.70% to 372,627 people.****
Strategic essential service investment.
Net Rent: $172,525 pa
To be sold by Investment Portfolio Auction:
10:30am AEST
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
**United Petroleum
***Gap maps
**** Forecast.id
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Somerton, 3062 demographic data
The median household income for Somerton is $1,187, 38% lower than Greater Melbourne's household income of $1,901. Somerton has an older age profile compared to the rest of Greater Melbourne (median age 52 vs 37).
6
Population
$1,187 per week
Median household income
52 years
Median age
Renters
Most residents
-
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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