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910 Thompsons Road Cranbourne West VIC 3977

  • Shop & Retail
  • 1.98 ha
  • Expressions of Interest

Key Gateway Service Centre Asset

  • Three (3) international/national tenants
  • Significant landholding of almost 2ha*
  • Long WALE of 10.7 years*

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 $1,048,000 All tenants are on NET leases

*approximately
^VicRoads

BP Westernport Service Centre is For Sale via Public Expression of Interest closing Thursday at 5pm AEDT 10th of December 2020. To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Justin Dowers
0438 098 805

Kevin Tong
0422 848 818

Philip Gartland
0403 582 324

EXPRESSION OF INTEREST

Closing date and time10/12/2020 17:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2016637773
Floor AreaAsk Agent
Land Area1.98 ha
ParkingOn street parking
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  23 Nov 2020
Map for 910 Thompsons Road Cranbourne West VIC 3977
Map for 910 Thompsons Road Cranbourne West VIC 3977910 Thompsons Road Cranbourne West VIC 3977
Stonebridge Property Group VIC
Level 1/95 Coventry St Southbank VIC 3006

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