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1 Kings Road
Kings Park VIC 3021
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Sold on 25 Mar 2024

1 Kings Road Kings Park VIC 3021

  • Shop & Retail
  • 1,123 m²
  • Sold

Entry Level 7-Eleven, Freehold Metro Melbourne Service Station Investments

  • Head Office Lease to 7-Eleven Australia
  • 44,000* Daily Passing Vehicles
  • 10 Year Lease Expiring 2028

JLL Retail Investments has the exclusive privilege of offering an extremely rare, entry-level, metro Melbourne service station investment with a head office lease to 7-Eleven Australia. The property is located on the corner of Kings Road and Main Road West with a combined estimated 44,000+ daily passing vehicles.

7-Eleven Kings Park is strategically located approximately 19 kilometres (30 minutes) north-west of the Melbourne CBD and approximately 10 kilometres from the Melbourne Airport.

The service station is located in the heart of the west's major expansion which is forecasted to have the highest population growth in all of Melbourne, 2.5% p.a. compounding until 2036 which equates to an additional 482,643* people.

Key details of the opportunity include:
+ 10 Year NET Lease expiring 31st October 2028
+ Head Office Lease to 7-Eleven Australia
+ All outgoings excluding Land Tax are recoverable from the tenant
+   Estimated Net Income of $173,868 + GST
+   Corner site with estimated 44,000 daily passing vehicles.
+ Only 19km* from the Melbourne CBD.

7-Eleven Kings Park is available for sale via public on-site auction on Thursday 16th November 2023 at 12:00pm (AEDT)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Jarrod Herscu | 0418 155 062
Tom Noonan | 0402 319 698
MingXuan Li | 0498 688 998
Dominic McGrath| 0416 440 525

Head Office Lease to 7-Eleven Australia
44,000* Daily Passing Vehicles
10 Year Lease Expiring 2028

JLL - Melbourne
JLL - Melbourne
Level 33/101 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold25 Mar 2024
Floor Area1,123 m²
Land Area1,123 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018826609
Category
Last updated  25 Mar 2024
Map for 1 Kings Road Kings Park VIC 3021
JLL - Melbourne
JLL - Melbourne
Level 33/101 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold25 Mar 2024
Floor Area1,123 m²
Land Area1,123 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018826609
Category
Last updated  25 Mar 2024

More about 1 Kings Road Kings Park VIC 3021

1 Kings Road Kings Park VIC 3021 is categorized as Shop & Retail Property. It has a floor area of 1,123 m² and a land area of 1,123 m². The listing ID for this property is 2018826609.

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