BP Petrol Station and Convenience Store Plus Workshop, Mooroolbark - Melbourne
Investment Opportunity - Victoria
Prime Location and Investment Opportunity.
Located in leafy Melbourne Suburb.
BP Branded Petrol Station with Convenience Store and Workshop.
Strong secure tenant that currently owns and operates over 10 petrol stations in tightly held Melbourne suburbs.
Long lease 15 Years with Further Options.
5% Return on Investment.
Great Opportunity to Purchase Petrol Station Investment with Long Tenure and Secure Tenant.
Land Size: 1404 Square Metres
Population: 23,000
Asking $4,500,000 - $4,650,000.00 No GST Applicable
Located in heavy residential suburban area. With low fuel competition. Successful business with strong consistent sales in an area of massive demand.
Annual Rental of Rent as of 1st July 2025 - $220,460.59 Per Annum Plus GST
Lease commenced 1st July 2022 – 15 Years initial term - till 30th June 2037 .
Plus Further Options of 5 x 5 x 5 Years – till 2052
Annual Increase: 3.3% Plus GST
Market Review fixed at 5% Plus GST
Landlord owns Bowsers and fuel infrastructure. Tenant maintains all equipment.
Tenant Pays for All Outgoings except Land Tax and Building Insurance.
Updated ESA contamination report undertaken November 2020.
LEASE SECURITY:
- Rental Bond and One Month rent in advance.
- Personal Guarantor from Tenant /Director who owns several properties.
Much sought after area for petrol stations – there will be no lack of business nor fuel groups wanting to lease this site now and in the future.
To purchase land in Mooroolbark of this size and rebuild a similar petrol station in today’s market will cost well over $6,000,000.00
To have the opportunity to purchase prime property and with an annual income for minimum 11 years and the benefit of location in heavy populated Mooroolbark, which lends to so many more options for development long into the future. Makes this an ideal investment.
Tenant responsible for daily monitoring and report of the tanks and provision of SIRA reports prepared on request to the landlord.
For more information or to book an inspection please contact me anytime.
