Back to previous step
Brand-new 9-year lease to Metro Petroleum (DIB Group) from Aug 2025, with 5 + 5 year extension options
Secure net income: $297,179 + GST pa., with fixed 3.5% annual rent growth—reaching ~$391k by 2034
Prominent 4,190 sqm corner site with 93m frontage to Cranbourne Road—gateway to Mornington Peninsula & Frankston hub
Future upside: Carwash/ site reverts back to owner 2034 options lease carwash, operate carwash, sell carwash or redevelop prominent carwash site of 1607m2
Commercial 2 zoning allows fuel, retail, QSR or mixed-use developments
Net Rent Compounding Effect:
Year 1 – 2025/26 – $297,179.00 + GST
Year 2 – 2026/27 – $307,580.27 + GST
Year 3 – 2027/28 – $318,345.57 + GST
Year 4 – 2028/29 – $329,487.67 + GST
Year 5 – 2029/30 – $341,019.74 + GST
Year 6 – 2030/31 – $352,955.43 + GST
Year 7 – 2031/32 – $365,308.87 + GST
Year 8 – 2032/33 – $378,094.68 + GST
Year 9 – 2033/34 – $391,327.99 + GST
Rent to reset at $300k in 2034 at the commencement of the first option
BONUS: the Car Wash will be surrendered at the beginning of the first term in August 2034 to the new owner to do with as they wish opening up a plethora of options such as;
• Taking over the operation of the Car Wash
• Selling off the Car Wash as it has its own separate title
• Leasing out the Car Wash adding substantial rental income to the existing solid income from the Service Station
• Redeveloping this prominent 1607m2 site would certainly attract major fast food outlets
• The options are endless in adding future further value to this already attractive opportunity
Income certainty – stable returns from a nationally recognised operator
Built-in growth – guaranteed 3.5% annual increases delivering ~30% uplift by 2034
Upside flexibility – car wash handback adds long-term optionality
Prime exposure – high-traffic suburban corner, strategic location
Price Guidance $6.15m – $6.35m (Vendors prepared to engage with serious offers)
* All parties must undertake their own independent calculations and due diligence to satisfy themselves as to the accuracy and applicability of these figures. The table above is provided indicatively and should not be relied upon as the sole basis for any financial decision-making.
Brand-new 9-year lease to Metro Petroleum (DIB Group) from Aug 2025, with 5 + 5 year extension options
Secure net income: $297,179 + GST pa., with fixed 3.5% annual rent growth—reaching ~$391k by 2034
Prominent 4,190 sqm corner site with 93m frontage to Cranbourne Road—gateway to Mornington Peninsula & Frankston hub
Future upside: Carwash/ site reverts back to owner 2034 options lease carwash, operate carwash, sell carwash or redevelop prominent carwash site of 1607m2
Commercial 2 zoning allows fuel, retail, QSR or mixed-use developments
Net Rent Compounding Effect:
Year 1 – 2025/26 – $297,179.00 + GST
Year 2 – 2026/27 – $307,580.27 + GST
Year 3 – 2027/28 – $318,345.57 + GST
Year 4 – 2028/29 – $329,487.67 + GST
Year 5 – 2029/30 – $341,019.74 + GST
Year 6 – 2030/31 – $352,955.43 + GST
Year 7 – 2031/32 – $365,308.87 + GST
Year 8 – 2032/33 – $378,094.68 + GST
Year 9 – 2033/34 – $391,327.99 + GST
Rent to reset at $300k in 2034 at the commencement of the first option
BONUS: the Car Wash will be surrendered at the beginning of the first term in August 2034 to the new owner to do with as they wish opening up a plethora of options such as;
• Taking over the operation of the Car Wash
• Selling off the Car Wash as it has its own separate title
• Leasing out the Car Wash adding substantial rental income to the existing solid income from the Service Station
• Redeveloping this prominent 1607m2 site would certainly attract major fast food outlets
• The options are endless in adding future further value to this already attractive opportunity
Income certainty – stable returns from a nationally recognised operator
Built-in growth – guaranteed 3.5% annual increases delivering ~30% uplift by 2034
Upside flexibility – car wash handback adds long-term optionality
Prime exposure – high-traffic suburban corner, strategic location
Price Guidance $6.15m – $6.35m (Vendors prepared to engage with serious offers)
* All parties must undertake their own independent calculations and due diligence to satisfy themselves as to the accuracy and applicability of these figures. The table above is provided indicatively and should not be relied upon as the sole basis for any financial decision-making.
Yield Calculator
Yield Calculator
