Rare Freestanding Metro Brisbane Convenience Retail Investment | 10 Year Net Lease to BP Australia
Burgess Rawson is pleased to offer to market BP Moorooka located at 1133 Ipswich Road, Moorooka (Brisbane) QLD for sale via Offers to Purchase.
The property has the following investment highlights:
+ Brand new ten (10) year net lease to BP Australia to 2032 plus four (4) further five (5) year options to 2052
+ BP Australia: blue-chip tenant and Australia's largest store network with 1,468 sites nationally recording a $40 billion net profit in FY22 and a market cap of $105 billion
+ Landlord favourable, net lease structure with BP responsible for all usual outgoings excluding land tax
+ High exposure 2,499sqm* main road site with substantial frontage to Ipswich Road, a major arterial road connecting Ipswich and Brisbane
+ Brand new service station, offering substantial depreciation benefits
+ Highly desirable offering - first freestanding BP taken to the market in Brisbane in over 24 months
+ Outstanding site accessibility via convenient left in left out access to Ipswich Road
+ Extremely rare and highly sought-after inner-city convenience retail investment only 7km* from the Brisbane CBD
+ First service station within 12km* when travelling north on Ipswich Road, ensuring strong fuel demand
+ Adjoining high profile National Storage - national tier 1 tenant and major driver of traffic to the site
+ Zoned General Industry A, allowing for a multitude of future development (STCA)
+ Surrounded by essential social infrastructure, including 16 schools and tertiary education facilities within a 3km radius servicing 8,095 full-time students^
+ Over 25,700 motor vehicles registered within a 3km radius representing 1.62 per household, guaranteeing fuel demand^
+ Moorooka Magic Mile: Brisbane's most recognisable and go-to location for car buyers, with over 30 dealerships on the 1.6km* stretch on Ipswich Road, directly surrounding BP Moorooka
+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035^^
+ Net Income: $406,550 pa* + GST
For Sale via Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
^ Gapmaps
^^ WorldPopulation
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