United Petroleum, 650 Kororoit Creek Road,
Altona North, VIC 3025
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
United Petroleum, 650 Kororoit Creek Road
Altona North, VIC 3025
Map of United Petroleum, 650 Kororoit Creek Road
Landmark 7,372sqm Metro Melbourne Convenience Retail Investment
- New 12-year net lease to 2034
- Annual 3% rent increases
- Major 7,372 sqm* site
+ New 12-year lease to 2034 plus options to 2064.
+ United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+ Significant depreciation benefits, with $321,000 in potential year 1 tax deductions (73.9%).***
+ Major 7,372 sqm* retail site with 173 metres* of combined frontage to Kororoit Creek Road and Grieve Parade, two main arterial roads servicing over 41,000 vehicles daily.****
+ Strategic Metro-Melbourne location just 14km* from Melbourne CBD and 10km* to Port Melbourne.
+ Nike DC, Godfreys DC, QUBE, Toyota MC, Toll, DHL, Linfox, BGC, Bunnings, Woolworths, Princes Freeway and West Gate Freeway connections all within 2.5km*.
+ One of Australia’s most important logistics hubs, the City of Hobsons Bay generates $19.39 billion in annual economic output with an estimated 43,487 jobs in the area.*****
+ Altona North: Booming growth suburb, with population forecast to grow 73% by 2041.******
+ Geographical significance of the area evident through ongoing government funded development projects – the $6.7 billion West Gate Tunnel Project will deliver an alternative to the West Gate Bridge, providing a second river crossing and improving connections between Melbourne’s west, the city centre, and Melbourne’s major ports.*******
+ Minimum management, essential service investment.
+ Net Income: $434,425 pa*
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approximately
** United Petroleum
*** Mazo
**** Gapmaps
***** Remplan & Economy.id
****** Forecast.id
******* Transurban
+ United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+ Significant depreciation benefits, with $321,000 in potential year 1 tax deductions (73.9%).***
+ Major 7,372 sqm* retail site with 173 metres* of combined frontage to Kororoit Creek Road and Grieve Parade, two main arterial roads servicing over 41,000 vehicles daily.****
+ Strategic Metro-Melbourne location just 14km* from Melbourne CBD and 10km* to Port Melbourne.
+ Nike DC, Godfreys DC, QUBE, Toyota MC, Toll, DHL, Linfox, BGC, Bunnings, Woolworths, Princes Freeway and West Gate Freeway connections all within 2.5km*.
+ One of Australia’s most important logistics hubs, the City of Hobsons Bay generates $19.39 billion in annual economic output with an estimated 43,487 jobs in the area.*****
+ Altona North: Booming growth suburb, with population forecast to grow 73% by 2041.******
+ Geographical significance of the area evident through ongoing government funded development projects – the $6.7 billion West Gate Tunnel Project will deliver an alternative to the West Gate Bridge, providing a second river crossing and improving connections between Melbourne’s west, the city centre, and Melbourne’s major ports.*******
+ Minimum management, essential service investment.
+ Net Income: $434,425 pa*
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approximately
** United Petroleum
*** Mazo
**** Gapmaps
***** Remplan & Economy.id
****** Forecast.id
******* Transurban
Property ID: 504047967Last Updated: 19 Dec 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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