Rare Freestanding Convenience Retail Asset Leased to BP Australia
Colliers are pleased to offer for sale, BP South Fremantle, 229 Hampton Road, South Fremantle WA via our National Premium Investment Portfolio No.2. An exceptional opportunity to secure a blue chip, long WALE investment in a strategic, high-profile location.
Key investment attributes-
• 15-year lease to June 2036 plus options to 2051.
• Rare, blue-chip BP Australia Pty Ltd headlease. Australia’s premier fuel retailer with over 1,400 sites nationally* with a market cap of $160 billion*
• Net Income: $376,910.95p.a.* (21 June 2024)
• Net lease terms with BP Australia paying all outgoings.
• Annual fixed 2.5% rent increases for assured income growth. Market Reviews at Options.
• Completed 2021 providing significant depreciation benefits.
• High exposure 2,473sqm* corner landholding with wide frontage to Hampton Road
• Situated in thriving portside location being just 3kms from the Fremantle town centre and 16kms south of the Perth CBD*.
• Adjoining high profile National Storage – national tier 1 tenant and major driver of traffic to the site
• Exposure to over 29,000 vehicles per day (1)
• Set amongst a diverse range of retail, commercial and light industrial uses.
• Western Australia: an export-oriented economy, with around half of Australia's exports of goods originating from the state each year, including minerals, petroleum, agri-food and specialised manufactured goods.
The property is offered for sale in the Colliers National Premium Investment Portfolio No.2.
For further information, to arrange an inspection please contact the exclusive selling agents:
Shane Isaacs
0408 883 987
Aidan Austen
0488 344 676
* approx.
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