Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2021
Building Area Gross
Occupancy 100.0 %

Asset Description

JLL Retail Investments has the exclusive privilege of offering an extremely rare service station opportunity that includes a head company lease to BP Australia Pty Ltd.

 

BP Wollert is located within the heart of Whittlesea one of the fastest growing locations in Australia.

Surrounded by an abundance of new residential estates and surrounding retail, the asset will benefit from a projected increase in population of over 1192% by 2041^.

 

The property is co-located with McDonalds and KFC, forming a key convenience retail precinct and destination within the Whittlesea Area.

Investment Highlights

Key details of the opportunity include:

·       15 Year Net Lease commencing July 2021

·       Brand new building with substantial depreciation benefits

·       All outgoings including Land Tax (Single Holding Basis) are recoverable from the tenant

·       Significant 3,161sqm landholding

·      Net lease structure, with fixed annual rent reviews

·       Current Net Income of $348,400 + GST

·       Colossal population increase of 139,300 people in the next 20 years^

 

BP Wollert is For Sale by Expressions of Interest closing 26th of October 2022 4:00pm (AEDT).

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 

Jarrod Herscu | 0418 155 062

Tom Noonan | 0402 319 698

MingXuan Li | 0498 688 998

Stuart Taylor | 0428 000 000


^ forecast.id

Last Updated Date: 30 Sep 2022

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Last Updated Date: 30 Sep 2022

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