×
SOLD
United Petroleum, 132-136 Somerton Road, SOMERTON, VIC, 3062
Tenanted Investment
DETAILS
Brand New 12 Year Lease to Market-Leading Fuel Operator
  • Brand new 12-year lease to 2033
  • Landlord favourable net lease terms
  • Annual 2.5% rent increases

Brand new 12 year net lease to 2033 plus options to 2063.

United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 450 sites nationally.

Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.

Strong and certain rental growth with annual, fixed compounding 2.5% increases

Large, high-profile 2,005 sqm* retail convenience site right in the heart of Melbourne’s booming Hume Highway logistic/industrial corridor, with major Toll, Coles, Visy, Linfox, Boral facilities and intermodal terminal all within 1.1km.

Roxburgh Park Woolworths, Coles, Aldi, McDonald’s, KFC, Hungry Jack’s and Train Station all within 800 metres.

Somerton Road is an important arterial servicing an average of 32,800 vehicles per day.***

City of Hume: By 2041, the City of Hume’s population is forecast to grow 49.70% to 372,627 people.****

Strategic essential service investment.

Net Rent: $172,525 pa

  

To be sold by Investment Portfolio Auction: 

10:30am AEST

Tuesday 10th August 2021

Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.

**United Petroleum

***Gap maps

**** Forecast.id

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Remember to mention you found this property on CommercialReady.com.au

PROPERTY SUMMARY
Auction:
Price on Request
AUCTION DATE:
10 Aug 2021 10:30AM
FLOOR AREA:
240 m² (*approx)
Land Size:
2005 m² (*approx)
Type:
Industrial, Retail, Other, Petrol Station, Petrol Station
Tenanted Investment:
Brand New 12 Year Lease to Market-Leading Fuel Operator
LOCATION
Property Map
FOR SALE PROPERTIES IN THE AREA
SOLD PROPERTIES IN THE AREA
AGENCY DETAILS
SUBURBS AROUND THIS AREA
Enquire Now