Service Station News & Market Trends

A private investor has paid $7.2 million for a redeveloped service station just 180m from Manly beach – one of a number of big sales in the tourist hotspot.

Retail might be dominating the public discussion as the coronavirus epidemic rolls on, but in New South Wales it’s also the asset class on investors’ lips. Four of the top five weekly listings on Realcommercial in …

One of the largest commercial sites in Manly, just 180m from its famous beach, has come to market aimed at investors wanting income now and opportunity later.

The sale of 33 convenience retail outlets owned by 7-Eleven is being heralded as one of the most successful commercial portfolios in history, after every one of the properties sold for a combined $156 million.

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.