Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

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Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

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Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

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Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

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Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

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The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

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A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

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The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

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North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

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McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

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A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

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Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

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Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

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More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Service Station

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Service station yields have continued to firm over the past five years, more particularly for national branded retailers and the sale of quality investment product, according to the June Herron Todd White (HTW) commercial report. 
The report took a look at the service station investment across the nation. 
"Second tier, independent branded service stations and regionally-based assets continue to attract investment within a softer yield range," the valuation firm said. 
The two most recent and prominent service station portfolio auctions for 7-Eleven realised an average analysed yield for the New South Wales holdings of below 4.5%.
These sales comprised a varying degree of asset quality, however all featured 12-year initial lease terms with all outgoings except land tax and management recoverable by the landlord.Each lease had fixed three per cent annual increases and four additional five-year options.
"There have been limited recent service stations sales since the COVID-19 pandemic, however we would anticipate investor interest to remain in quality service station assets despite these uncertain times," the valuation firm said. 
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Investors continue to show interest in service stations with record low yields and strong levels of interest at recent portfolio auctions.
The mix of available service stations has varied from neighbourhood, national brand sites to purpose- built, multi-brand, multi-retail offerings.
The report notes the market continues to seek service stations with strong lease covenants (typically in excess of 12 years) to a quality national tenant, fixed annual increases and future development potential.
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Service station ownership in New South Wales is highly concentrated within a select group of operators.The four largest providers are Ampol (formerly Caltex), BP, Shell-Coles Express and 7-Eleven.There is a higher level of independent operators in regional and coastal areas outside of Sydney.
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2018 was considered the peak year for sales in this sector.A strong development pipeline for new service station sites has been underway for the past few years with a number of operators undertaking asset recycling style portfolio auction programs to release funds for these projects.
The service station market is still considered a safe bet, even with falling demand via more fuel-efficient motor vehicles, social pressure to reduce our carbon footprint and the falling world oil price, the report noted. 
Major fuel retailers are seen as able to maintain fuel and shop margins in an ever increasingly competitive market space and manage the environmental aspects of the day to day operation of the asset and the future potential redevelopment of the site.
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"Risks to the retail fuel market segment are still considered long term with electric and other low-emission options within the next ten to 15 years," the valuation firm said. 
Location is a fundamental that will continue to underpin quality service station investment assets.
A recent sale is the BP service station at 133 Pittwater Road, Manly (pictured above), which was redeveloped in 2019 with new tanks, lines, canopy, convenience store, pumps and forecourt.
It has a passing net rental of $295,000 per annum plus GST.The selling agent reports that the property listing attracted more than 200 enquiries with a final sale price in early April 2020 of $7.2 million exclusive of GST.
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This sale equated to an analysed yield of 4.1%.
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A BP service station at 14 Bernera Road, Prestons (pictured above) sold in April 2020 for $8 million exclusive of GST, equating to an analysed yield of 5.53%.
The site is a 3612 square metre, rectangular shaped, internal allotment with single street frontage to Bernera Road.
The property is located within an established industrial precinct of Prestons.
Improved on the site is a modern, circa 2015 built, BP service station with a sublease to Pie Face and a separate Burger Edge food and beverage outlet.
The property sold subject to an existing head lease to BP Australia until 31 December 2030 with three further five year options.
The property has an advised net income of $442,617 per annum net plus GST with annual CPI or four per cent increases.BP is responsible for all outgoings.
"It would appear that despite the COVID-19 pandemic, investments that reflect good management, strong lease covenants and future redevelopment upside are still considered attractive with no evidence to date reflecting a softening in demand in this sector," the valuation firm said. 
"As the New South Wales economy returns to something approaching business as usual in the coming months, the biggest challenge for the balance of 2020 may not be oil demand and prices, but reducing the level of unemployment in the economy." 
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Investor interest remains in quality NSW service station assets: HTW commercial 

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Five developers, including two well-known institutional entities, are behind the purchase of $136 million worth of Caltex service station properties across Australia with plans for a mix of residential and retail development. 
The sales of the 25 properties - 15 in NSW, eight in Victoria, and one each in Queensland and WA - were brokered by CBRE’s Mark Wizel and Julian White with Lincoln Blackledge of Stonebridge. 
The institutional buyers purchased several sites, while three other groups purchased single sites. 
Wizel said the marketing campaign had attracted more than 2000 enquiries and ultimately 160 offers.
He said developers had been attracted by strong locations, the lack of development site options, predictions of housing undersupply, and the license agreement that offered an income well above what they were currently returning on cash in the bank. 
“Given widely forecast predictions of a looming undersupply of apartments, purchasing one or more of these sites was an ideal way to build a pipeline to cater to pent up demand whilst generating an attractive income in the interim,’’ Wizel said. 
“The market’s response to the campaign was not surprising, indeed it was a clear indication that confidence is returning to the residential development sector on the back of what has been perhaps a surprisingly quick rebound in housing prices across key markets.’’
He said the fact that the bulk of the sites were extremely well located to transport, schools and town centres made them ideal for residential redevelopment. 
Caltex Chief Development Officer David Bridger said the success of the campaign had unambiguously vindicated the divestment strategy involving a portfolio of 50 well located properties. 
“These sites had been identified as having a higher and better, non-fuel related use and obviously the market is in accord with that rationale given the success of this first tranche of sites we are very confident in putting to market another 25 sites across Australia early next year,’’ Bridger said. 
White said the properties, located in prime suburban precincts, including Surfers Paradise, Bondi, Mascot, Box Hill, and Perth, were sold via an expressions of interest campaign with purchasers having options to buy individual sites, sites in any combination or the offering as a whole.
He said the currently trading petrol stations - the first in tranche of a 50 property divestment strategy - would soon cease trading with remediation to be undertaken under a license agreement.
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wdavis-8cCN98p7xp

CBRE and Stonebridge broker Caltex service stations sales across Australia

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A new Shell service station in Noosaville has been offered for sale. 
The service station, at 140-142 Eumundi Noosa Road, is passed by more than 17,000 vehicles each day and in excess of six million annually. 
The 2,428 square metre site includes a 40m frontage to one of the region’s busiest roads, the main thoroughfare linking Noosa Heads with the Bruce Highway at Eumundi. 
Viva Energy, the Australian distributor of Shell fuel and lubricants, has a 15-year lease on the property, which generates annual net income of $426,921. 
Shell is accompanied by a NightOwl convenience store and the family-owned Rick’s Artisan Pies and Sourdough at the site, which opened in 2017. 
The CBRE Queensland Retail Investments team of Darren Collins, Michael Hedger and Joe Tynan together with CBRE Sunshine Coast Managing Director Rem Rafter have been appointed to manage the sale campaign. 
Expressions of interest are sought before December 5.
The property is near the Noosa Civic shopping centre, which recently sold for $250 million, the Noosaville Auto Park and a host of major retailers, led by Bunnings. 
It features seven covered fuelling bays and a total of 15 customer car parks. 
“The site is exceptionally well located,” Mr Collins said. 
“It is only five kilometres from Hastings Street in Noosa Heads and 25 kilometres from Sunshine Coast Airport, the country’s fastest-growing airport.
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Noosaville Shell service station comes onto market

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WA-based funds management company, Mair Property Funds, has sold the 7-Eleven service station in Canning Vale in an off-market transaction. 
The property, which is situated at 488 Ranford Road, was sold through Paul Davison and Jeff Klopper from Vend Property for $5.75 million. 
Mair Property Funds developed the site in 2016 and signed a 15-year lease with the international service station and convenience store chain.
Portfolio Manager for Mair Property Funds, Alex Lambert, said the results of the sale realised the development profit for investors in their commercial property trust, MPS Unit Trust 2. 
“Being a relatively new asset with a strong tenancy in place and a remaining lease term of over ten years, we identified a key opportunity to maximise the investment value of the property through its sale in a low yielding environment.”
The MPS Unit Trust 2 also owns other assets including Beldon Shopping Centre, which underwent a full refurbishment in 2016 after signing a 20-year lease to national retailer, Woolworths. 
“Since its refurbishment in 2016, Beldon Shopping Centre has benefited considerably from increased foot traffic.
“We are now working actively with our property management division to identify further ways to maximise and enhance the property’s performance,” Mr Lambert said. 
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Canning Vale 7-Eleven service station sold for $5.75 million

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A 7-Eleven service station and convenience store in the south-eastern Perth suburb of Gosnells has sold for $5.1 million.
The property at 303 Corfield Street is passed by around 19,000 vehicles each day.
Knight Frank Director of Capital. Markets – WA, Tony Delich, said the 7-Eleven operator had recently signed a new, 15-year lease with fixed 3% annual rent increases, on a current net rental of $322,000 per annum. 
The sale price reflected a yield of 6.3%.
“This property is on the major, four lane district distributor road from Tonkin Highway, near the Albany Highway intersection, and there is a rapidly increasing residential catchment in the area,” Delich said. 
The property has a total land area of 1,945 square metres.
It directly opposite the IGA-anchored Corfield shopping centre and the Corfield Tavern, as well as adjoining a 3.27 hectare site currently poised for a 36-lot residential subdivision.
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Gosnells, Perth 7-Eleven service station sold for $5.1 million 

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A BP service station and convenience store in Penshurst has sold under the hammer for $2.6 million.
The self-serve service station on a 1106 square metre site at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGjbELeHnO+iI0F/4HNRZHAZhkJjilzWfq&amp;rh=ff004d9112bb757b10ea167f9d4d8cc7b94563d2" target="_blank">494 Forest Road</a> was leased by a BP franchise.
The building measured 221 square metres.
The property was marketed and sold by Ray White Commercial NSW Director Michael Ajaka and Ray White Hurstville Sales Manager Christopher Munk.
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Ajaka said the auction was attended by a 50-strong in-room crowd.
“The bidding started at $1.6M and more than 35 bids later, the sought-after asset finally sold for $2.6 million, $1 million more than the opening bid,” Ajaka said.
“Two multi-site service operators looking to add the property to their individual portfolios were raising their paddles, with a local Chinese syndicate and offshore buyer also bidding, until a local identity placed the winning bid.
“The sale represented a yield of five per cent net and highlighted how service stations are a solid investment in the current market. 
“It’s the only service station to be sold in the St George area in at least five years, with me selling the previous one.
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Munk said the property benefited from a high volume of nearby traffic flow.
“The property is leased to the BP operator until September 2020 with 2x4-year options taking you all the way up to 2028,” Munk said.
“The asset produces $127,202 net rent per annum, plus GST, and has fixed three per cent increases.
“There were over 67 genuine enquiries for the asset, and they're still contacting Michael and I, wanting service stations.”
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Penshurst BP service station sells under the hammer for $2.6 million 

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Seven individual Metro Petroleum service stations spread across NSW, VIC and QLD are headed to auction, at the same Sydney in-rooms event.   Sites at Broken Hill and Cootamundra in NSW, Bonnie Doon, Rutherglen, Cann River, Great Western in VIC and Texas in QLD are all going to be under the hammer on May 16.   The sites are marketed by Ray White Commercial NSW Director Michael Ajaka, Commercial VIC Director Paul Waterhouse and Commercial QLD Director John Dwyer.   Mr Ajaka said the portfolio of service stations, currently head-leased to Dib Group (trading as Metro Petroleum and a Shell service station at Cann River), offered investors exceptional opportunities to purchase premium investment properties.   “'Metro Petroleum' is a major petroleum brand with approximately 250 service stations and convenience stores across Australia’s east coast, including Western Australia and South Australia,” he said.
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“Servicing a large base of wholesale customers nationwide, it makes the company one of Australia’s largest independent service station franchises.   “Service stations really are a solid investment and banks are still financing investors to buy them, which makes them particularly appealing in the current market.   “The operators have good sustainable businesses such as the fuel sales, convenience stores, and with some having cafes they also run on-site.   “These opportunities will appeal to a number of people, from mum and dad investors as part of their superfund portfolios, to high net-worth individuals with interest expected to come from locals, nationals and offshore investors   “Leases on the sites run until 2028, 2029, 2030 with options, with an annual rent increase of CPI as per lease, and tenants paying outgoings as per lease (excluding land tax and building insurance).'"
Service station location and details:   NSW – Ray White Commercial NSW Director Michael Ajaka   <a id="LPlnk195651" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGRRfjY0I8EBuIExwxzbeVsbuhKX/r1pFevSn3VIfLmZU=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         571 Beryl Street, Broken Hill, NSW 2880</a> Lease term with options 10 years + five years + five year + five years Commencement date 1 December 2018   <a id="LPlnk412210" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGJKCadd8OMjqFleKKoVl5m7x81vYjdkXNBSL8tPGFBNo=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         111 Sutton Street, Cootamundra, NSW 2590</a> Lease term with options 10 years + five years + five years Commencement date 1 August 2017   VIC – Ray White Commercial Vic Director Paul Waterhouse   <a id="LPlnk579059" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZG9u9uZGomxbBu/2zFzDXsPeRSu23KUkTqOjJu7F/J4b0=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         1 Jones Street, Boonie Doon, VIC 3720</a> Lease term with options 10 years + five years + five years + five years Commencement date 1 July 2017   <a id="LPlnk3678" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGKfkRMUK57/KKEeAipBpXadv0lKwGi61PfPh6+f37vxw=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         155-163 Main Street, Rutherglen, VIC 3685</a> Lease term with options 15 years + five years + five years + five years Commencement date 1 December 2015   <a id="LPlnk816553" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGqdp6twqTXLIFaqGm1FdnTPChqLN9nmAFjtuyCnva7Tg=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         28 Princes Highway, Cann River, VIC 3890</a> Lease term with options 12 years + five years + five years + five years Commencement date 1 August 2017   <a id="LPlnk758652" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGfBzxsG4gjnMLhKlnt7GjZksdw4ouA5SBw3X3puuh0j4=&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         116 Main Street, Great Western, VIC 3374</a> Lease term with options 11 years + five years + five years + five years + five years Commencement date 1 April 2018   QLD – Ray White Commercial QLD Director John Dwyer   <a id="LPlnk361010" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGC0xdXocb+cXytLqjXtn/jPUq9RmQXcp2&amp;rh=ff004a5e3f2a188bb6f86effce4a835efc129c4d" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">·         37 Greenup Street, Texas, QLD 4385</a> Lease term with options 15 years + five years + five years + five years + five years Commencement date 1 December 2015 
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Seven Metro Petrol service stations set for auction

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A 7-Eleven service station in North Melbourne has been listed for sale.
The freestanding station at <a href="https://www.realcommercial.com.au/property-retail-vic-north+melbourne-503011626" target="_blank">163-173 Boundary Road</a> is the last stop before the CityLink and sees 50,000 cars pass per day.
Recently rezoned to a commercial 1 zoned land holding, the property on 1,155 sqm has a rare 15 year lease through to 2027.
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It has options to 2042 and has a net income of $183,049 per annum, with fixed four percent annual rental increases.
The marketing through CBRE advises there is potential for further income through a signage billboard, subject to approval.
It has a November 29 auction.  
 
 
 
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North Melbourne 7-Eleven servo for sale

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A free-hold service station, currently used as Bobbin Head Garage in North Turramurra, has been listed for sale for the first time in six decades.
The deceased estate at <a href="https://www.realcommercial.com.au/property-land+development-nsw-north+turramurra-502983114" target="_blank">313 Bobbin Head Road</a> on the corner of Milton Road is being pitched as suited for owner occupiers and or developers.
Knight Frank Metropolitan agents Anthony Pirrottina and Harry Kimpton are marketing the property for a November 15 auction.
The 1,670 sqm block is zoned E4 Environmental Living permitting residential dwellings subjective to approval.
Above the service station and garage is a three bedroom apartment.
It's the only service station within a 2.5 kilometre radius.
 
 
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Oldtime Bobbin Head garage for sale in North Turramurra

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A new fast food and Caltex service station in NSW’s Goulburn with long leases to Woolworths and Red Rooster fetched $4,530,000 at Burgess Rawson’s portfolio auction.
The yield on the sale was a strong 5.06 percent. It was sold to a Chinese investor with settlement yet to be registered.
The <a href="https://www.realcommercial.com.au/property-retail-nsw-goulburn-502419342" target="_blank">180 Hume Street</a> property is on a large 4,317 sqm corner site surrounded by Bunnings, McDonald’s, Subway and Shell.
There is a 15 year lease to Woolworths that started in 2017 and has options till 2052. 
Fast-food chain Red Rooster is on a 10 year leases that started in 2017 and has options till 2047.
It is opposite the “Big Merino” tourist pit-stop landmark.
The development was completed in 2017 and comes with depreciation benefits.
The total net income from the property is $229,073 pa + GST.qm.
The selling agents were Simon Staddon and Darren Beehag at auction in June this year.
Back in 2013, a local investor Rodney Thompson had bought the site for just over $1 million, and over the past four years he redeveloped it into a Red Rooster outlet and Woolworths Caltex service station, according to the Goulburn Post.
 
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