1589 Thompsons Road Cranbourne North VIC 3977

Burgess Rawson is delighted to offer to the market the Ampol (Jasbe) at 1589 Thompsons Road, Cranbourne VIC for sale via Investment Portfolio Auction 173.

This property has the following investment highlights:

+ New Twelve (12) year lease to Jasbe to October 2036 plus options to 2056.
+ Jasbe Petroleum: Established in 1988 with 60+ locations across VIC and NSW and employing over 600 staff.
+ Ampol: Australia's largest transport energy distributor with over 1,900 Ampol branded service stations nationally.
+ Impressive 2,006 sqm* key corner position, evidenced by neighbouring Woolworths, Chemist Warehouse, and KFC, Nando's, Zambrero's and Harry Brown
+ Fixed 3% annual rent increases ensuring income growth.
+ Brand new 2024 construction, providing maximum tax saving depreciation benefits.
+ Landlord-favourable net lease terms, with tenant responsible for usual outgoings.
+ Strategic, home bound corner position with frontage to important arterials, Thompsons Road with 13,800 vehicles passing daily** and William Thwaites Boulevard.
+ Directly adjacent to MAB & Galileo Group's future $800 million Croskell industrial precinct, comprising over 180,000sqm of industrial and logistic space, set to benefit from surrounding industrial estates developed by LOGOS, Goodman Group, ESR Australia and Salta Properties.****
+ Part of Oreana's future business centre development.
+ Household spending on fuel in Cranbourne North is $70.60 million (1.97%), compared to the Victorian average of 1.81% ($6,892.54 million).**
+ Cranbourne North's average number of vehicles per household is 2.08, well above the national average of 1.75.**
+ City of Casey: One of Victoria's fastest growing LGA's with population forecast to increase 48.4% to a significant 614,075 by 2046.***
+ Net Income: $327,054 pa* + GST.

For Sale via Investment Portfolio Auction 173
From 10:30am (AEDT), Wednesday 11 December 2024
Crown Casino, River Rooms, Melbourne

For further information, please contact the Burgess Rawson selling agents.

*Approx
**GapMaps
***Forecast.id
****MAB