BP-BRANDED SERVICE STATION INVESTMENT | DUAL INCOME | TARNEIT GROWTH CORRIDOR
Cameron is pleased to offer this landmark investment in one of Melbourne’s fastest-growing residential corridors.
The BP-branded service station is the centrepiece of the offering, providing a recognisable fuel and convenience retail proposition within an established commercial setting.
Comprising a total building area of approximately 387 m² across two tenancies, the property delivers a healthy combined net rental income of $375,001.66 per annum, supported by established tenants, long-term lease commitments and fixed annual rental increases.
Importantly, the investment is positioned within a growing residential catchment. Tarneit’s population increased approximately 63% in just five years. The number of private dwellings also increased from 10,617 to 17,274 over the same period, highlighting the scale of residential expansion underpinning the local market.
This property benefits from a prominent commercial setting alongside established neighbouring businesses, including Carl's Jr. and Aspire Early Education & Kindergarten.
Offering a compelling combination of secure income, contractual rental growth and further lease options, this is an attractive set-and-forget investment opportunity for private investors, family offices and commercial property investors seeking long-term income-producing assets.
Total land area: 1,950 m²
Total building area: 387 m²
INVESTMENT HIGHLIGHTS
• BP-branded service station investment: a prominent fuel, convenience retail and hospitality offering anchored by the major tenancy.
• $375,001.66 net annual rental income from two established tenancies.
• 387 m² combined building area, comprising two separately leased premises.
• High-exposure position within Tarneit Square, servicing established and rapidly growing surrounding residential catchments.
• Long-term lease security, with the major tenancy secured until May 2039.
• Fixed 3% annual rental increases across both tenancies.
• Additional lease options providing the potential for extended income beyond the current lease terms.
• Market rent reviews at the commencement of further lease terms.
• Established neighbouring businesses, including Carl's Jr. and Aspire Early Education & Kindergarten.
• Complementary tenancy mix, comprising a service station and convenience store alongside a pizza restaurant.
• Well-constructed and well-maintained property, providing an established commercial investment opportunity.
• 18 on-site parking spaces
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TENANCY SUMMARY
1/812 Sayers Road, Tarneit
• Building area: 294 m²
• Tenant: Jasbe Vic Pty Ltd (BP-branded petrol station)
• Current net rental: $318,270.00 per annum
• Current lease term: Fifteen (15) years
• Lease expiry: 29 May 2039
• Further options: Four (4) further terms of five (5) years each
• Rental reviews: Fixed 3% annual increases, with market rent reviews at the commencement of each further term
• Permitted use: Service station and convenience store
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2/812 Sayers Road, Tarneit
• Building area: 93 m²
• Tenant: Fatehg Pty Ltd, trading as Victoria's Pizza n Beyond
• Current net rental: $56,731.66 per annum
• Current lease term: Seven (7) years
• Lease expiry: 21 May 2031
• Further options: Two (2) further terms of seven (7) years each
• Rental reviews: Fixed 3% annual increases, with market rent reviews at the commencement of each further term
• Permitted use: Operation of a pizza restaurant, including beverages
This is an exceptional opportunity to secure a high-performing commercial investment in one of Melbourne’s rapidly growing western suburbs, offering strong existing income and long-term rental growth potential.
For further information or to arrange an inspection, contact the exclusive selling agents at Cameron today.
Measurements are approximate, and outlines are indicative only.
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