<a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">Aura by Aqualand</a> has entered its final chapter with a limited release of its last available residences, alongside a lifestyle incentives package for both owner-occupiers and investors.

The landmark $1 billion mixed-use development, now complete and move-in ready, has become a focal point in the suburb’s shift toward a more connected and design-conscious urban centre.&nbsp;

Located at 168 Walker Street, adjacent to the new Victoria Cross Metro Station, Aura has already drawn recognition at the 2025 Asia Pacific International Property Awards, where it was named Australia’s Best Residential High Rise.

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In what <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is calling The Finale, the developer is offering a limited-time curated lifestyle incentives package, which may includes:

<ul>
	<li>2.5% deposit option</li>
	<li>Stamp duty rate cover</li>
	<li>2% mortgage cover</li>
	<li>Two years’ strata levy cover</li>
	<li>5% rental guarantee</li>
	<li>Up to $20,000 toward Etymon dining</li>
	<li>Space Furniture styling package</li>
	<li>Legal fees covered up to $3,300</li>
	<li>Complimentary white glove relocation service</li>
	<li>Black Key concierge membership</li>
</ul>

The final residences span a mix of oversized one, two, and three-bedroom apartments, with prices starting from $1.9 million. The release also introduces The Icons: two exclusive penthouses that crown the 29-level building.

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AURA by Aqualand comprises a total of 386 apartments above a landscaped retail and dining podium, designed in collaboration with <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and interior designer <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richard Stanisich</a>.&nbsp;

Its curved sandstone-inspired form and activated ground plane have redefined <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a>’s urban identity, introducing new hospitality destinations including a providore, café, wine bar, and Japanese restaurant.

The hourglass-shaped tower has been conceived as four interlinked volumes, and includes a resident amenity level at its sculpted ‘waist’ on level nine.&nbsp;

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Positioned adjacent to the new Victoria Cross Metro Station, AURA stands at the centre of North Sydney’s transformation into a high-amenity, connected urban hub.

The final release follows AURA’s completion earlier this year, with residents now moved in and enjoying amenities including a 24-hour concierge, wellness room, Technogym-equipped fitness studio, and sky terrace dining spaces.

AURA’s final release marks the closing chapter in one of Sydney’s most transformative residential developments.

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Staff Writer

Aqualand unveils final release at AURA, North Sydney, with exclusive buyer incentives

At <a href="https://www.apartments.com.au/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a> in Fitzroy, future residents aren’t simply choosing a home; they’re shaping one that reflects who they are and how they live.

Melbourne-based interior design studio <a href="https://www.apartments.com.au/interior-designers/studio-tate">Studio Tate</a>, led by Alex Hopkins, has partnered with <a href="https://www.apartments.com.au/developers/sma-projects">SMA Projects</a> to offer something rare in apartment living — the opportunity to collaborate directly on the design of their new home and create a place that truly feels like their own.

Set on the historic site of the former Regent Theatre at 340 Fitzroy Street, moments from Johnston and Brunswick Streets, the nine-storey development reimagines Fitzroy’s heritage through contemporary design by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and Studio Tate — creating a future <a href="https://www.apartments.com.au/developments/fitzroy-vic-3065">Fitzroy</a> classic, inspired by the past and designed for contemporary life.

[smartcode_project:default project_id=24824 project_image_fid=304611]

Studio Tate’s personalised interiors begin with two distinct palettes: the light and timeless Classic Collection, and the moodier Arthouse Collection.&nbsp;

Within these foundations, buyers are invited to co-author their home, customising everything from finishes and joinery to reconfigured layouts in consultation with the Studio Tate team.

From there, residents can refine finishes, adjust layouts, and add details that reflect their lifestyle, aesthetic, and daily rituals — from subtle changes like repositioning a kitchen sink to more ambitious transformations.&nbsp;

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One buyer, an architect, worked with Studio Tate to merge a two-bedroom layout into a spacious one-bedroom home, creating a larger kitchen and living area designed for entertaining.

This level of collaboration is almost unheard of in off-the-plan developments, where efficiency often takes precedence over individuality. For Studio Tate, it’s not a novelty but an extension of their philosophy — to design homes that are intelligent, responsive, and genuinely personal.

“Homes should evolve with the people who live in them,” says Alex Hopkins. “No two apartments at The Regent are the same, and that’s exactly how it should be.”

[smartcode_project:default project_id=24824 project_image_fid=304608]

The studio’s work centres on intelligent, responsive design that enhances how people live - an approach that has resulted in homes that feel personalised rather than prescribed.

SMA Projects Founder Martin Strode says the partnership reflects the developer’s belief that off-the-plan buyers deserve more meaningful choice.&nbsp;

SMA’s guiding philosophy, “If you haven’t found it, let’s create it for you,” has become central to The Regent’s appeal. Buyers who modify their layouts receive credits for unused fit-outs, allowing them to reinvest in other elements like upgraded appliances or bespoke finishes.

[smartcode_project:default project_id=24824 project_image_fid=304613]

Residents will also enjoy a collection of shared spaces that reflect the project’s attention to design, including a 315-square-metre rooftop terrace with dining and barbecue areas, a concierge, a guest suite, and a workshop and dog wash for everyday convenience.

The Regent will comprise 64 one, two, and three-bedroom apartments, with two-bedroom, two-bathroom residences starting from $699,000 and the penthouse selling at $8.5 million. Currently, off-the-plan apartment buyers in Victoria can purchase with no stamp duty for a limited time only.

[smartcode_project_cta:default project_id=24824]

Curated for the way you live: Studio Tate brings personalised interiors to The Regent

<a href="https://www.apartments.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end-qld-4101">Callista on Park</a> marks the final chapter of West End's celebrated West Village precinct, emerging alongside the expansive green canopy of Mollison Park.&nbsp;

This new addition seamlessly integrates into a vibrant urban fabric where lush parklands, riverfront walkways, and a thriving retail and dining village come together within metres of home.

Residents will be immersed in one of Brisbane’s most walkable neighbourhoods. With a 99/100 walk score, West Village places daily conveniences and lifestyle luxuries on foot.&nbsp;

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Woolworths, Harris Farm Markets, and a mix of retail and dining venues anchor the precinct, while boutiques like Mott and Mulberry and homewares from ZJOOSH offer an afternoon of leisurely discovery.

Everyday wellbeing is supported by a 24/7 Goodlife gym and a suite of health-focused operators including Soak Bathhouse, Next Medical Practice, Modern Dentistry, and Vitalign Chiropractor.

The broader <a href="https://www.apartments.com.au/developments/west-end-qld-4101">West End</a> district adds depth to this convenience. Boundary Street, just moments away, is a cultural corridor of indie retailers, acclaimed restaurants, and local institutions like the West End Markets, drawing residents into a weekly rhythm of fresh produce, global cuisine, and lively community exchange.

[smartcode_project:default project_id=134800 project_image_fid=330231]

Just a five-minute walk from home, tranquil riverside paths shaded by jacarandas offer a leafy escape for rowers and morning walkers alike.

Art and performance are ever-present, with Metro Arts hosting regular exhibitions within the precinct and South Bank’s cultural quarter - home to QAGOMA, Queensland Performing Arts Centre, and the State Library - just 500 metres away.

Education and healthcare infrastructure are close at hand, with proximity to universities, elite schools, and medical centres enhancing the area's liveability.

[smartcode_project:default project_id=134800 project_image_fid=330222]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and delivered by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, Callista on Park also completes a decade-long transformation of the heritage-listed Peters Ice Cream Factory site.&nbsp;

The tower introduces 96 residences and an elevated rooftop conservatory complete with infinity pool, spa, private dining, and undulating gardens that echo the nearby parkland setting.

The Level 6 slab has just been poured at Callista on Park, with completion expected in late 2027. Three-bedroom residences are priced from $2.4 million.

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Callista on Park completes West Village’s walkable, parkside vision

Challenging the trend of compact living, <a href="https://www.apartments.com.au/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne-vic-3205">The Eighth</a> delivers true house-like scale in a vertical format.

Positioned on the penultimate level of The Eighth, a newly completed development by <a href="https://www.apartments.com.au/developers/crema-group">Projects by Crema</a>, the sub-penthouse offers more than just generous dimensions, it redefines what sub-penthouse living can look like in Melbourne’s Domain Precinct.

At 256 sqm, this residence exceeds the scale of most new apartments on the market. It provides the proportions of a freestanding home - three bedrooms, three bathrooms, a study, walk-in laundry, and a separate retreat - all within the security and convenience of a high-end vertical community.

[smartcode_project:default project_id=5345 project_image_fid=354144]

Its elevated corner position allows for uninterrupted, 270-degree views across the city skyline, Albert Park and the Botanic Garden, an outlook increasingly difficult to replicate in denser urban pockets. Full-height glazing frames these views throughout the home, anchoring each room to its setting.

Designed by Miriam Fanning of <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>, the interiors prioritise durability and spatial clarity. Stone benchtops, cove lighting, custom joinery and a fireplace enrich the central living areas.&nbsp;

[smartcode_project:default project_id=5345 project_image_fid=354159]

A Gaggenau kitchen with integrated Liebherr refrigeration and a full butler’s pantry supports serious home cooking and entertaining, while a wine cellar and media room add versatility.

Each bedroom features a tiled ensuite and bespoke robes, with the main suite offering privacy and corner views. Private lift access, ducted air conditioning, three side-by-side car parks and ample storage round out the functional offering.

[smartcode_project:default project_id=5345 project_image_fid=354160]

Residents of The Eighth benefit from a cohesive lifestyle ecosystem. A rooftop pool and BBQ terrace, wellness facilities at EQ, and an Italian café downstairs all contribute to a vertically integrated community - balancing amenity with calm, day-to-day usability.

Located just off St Kilda Road and moments from ANZAC Station and The Tan, The Eighth provides immediate access to transport, green space and cultural institutions, while remaining quietly removed from the city’s pace.

[smartcode_project:default project_id=5345 project_image_fid=354141]

Importantly, the building is complete. With just 36 apartments across 18 levels, The Eighth offers long-term privacy, minimal turnover, and immediate move-in certainty.&nbsp;

The sub-penthouse stands as one of the final, and most compelling, opportunities within this now-established address.

Taylor Dow of <a href="https://www.apartments.com.au/project-marketer/dow-real-estate">DOW Real Estate</a> is the exclusive selling agent for the sub-penthouse, and the remaining few apartments in The Eighth.

[smartcode_project_cta:default project_id=5345]

A rare South Melbourne sub-penthouse with room to move

Just weeks after launching to their latest new Melbourne apartment development to the market, national apartment developer&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has secured the sale of its sub-penthouse.

A local downsizer has spent $6.25 million on a sub-penthouse in The Parker, just 24 apartments on the the doorstep of Caulfield Park. The sale equated to $23,000 per sqm.

The buyer was drawn to the&nbsp;park-fronted lifestyle and panoramic city and bay views.

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352395]

“The first sale at $6.25 million completely vindicated our decision to acquire the site and reimagine it for owner-occupiers,” said Andrew Leoncelli, Managing Director of Abadeen.

“We took what was originally conceived as a smaller apartment product and transformed it into something exceptional — larger homes of enduring quality and understated luxury.”

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352397]

<a href="https://www.apartments.com.au/new-apartments/the-parker-on-caulfield-park-219-balaclava-road-caulfield-north-vic-3161">The Parker</a>&nbsp;has been designed by&nbsp;award-winning architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/powell-glenn">Powell &amp; Glenn</a> and will be enveloped in landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>. It was the position within the context to the park that drove the design of the building, with 70 per cent of the apartments overlook the 28-hectare space complete with&nbsp;walking trails, ovals, and playgrounds.

“Caulfield Park isn’t a typical recreational space, it has a generosity and nuance in its layering of trees and light,” said Ed Glenn, Principal at Powell &amp; Glenn.

“Our aim was to create a building that feels grounded and connected, with spaces that open to the park and unfold with light. The architecture provides a sense of refuge and prospect, balancing intimate privacy with expansive views."

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352400]

The architecture is defined by sculptural columns that flare like tree trunks, cascading greenery by Acre that softens the façade, and interior spaces by Powell &amp; Glenn’s Clementine Jacobs that use stone, timber, and brass finishes designed to age beautifully over time.

“The Parker is about connection where the building meets the park, people meet nature, and elevated design meets everyday life,” said Brett Robinson, Creative Director of Acre.

“We’ve created lush, year-round gardens that drape the building, softening its form and bringing the outdoors in. Every balcony and outdoor space is treated as an intimate ‘room’ framed by planting, texture, and movement. Sustainability is about timelessness; using robust, natural materials and drought-tolerant plantings that endure.”

[smartcode_project:default project_id=145454 project_image_fid=353657]

The Parker is Abadeen's second Melbourne apartment development, following the successful Malea, on Central Park in Malvern, which recently completed its construction.

“The Parker offers something truly unique; design elegance, community connection, and green space at your door,” Leoncelli added.

“It’s the kind of place you dream about, then realise you can actually live in.”

[smartcode_project_cta:default project_id=145454]

Joel Robinson

Abadeen launches The Parker in Caulfield North, secures $6.25 million sub-penthouse sale

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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j.ballantyne1990-6AQqhLzZaK

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.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/25/494%20Forest%20Road%20-%203.jpg" alt="">
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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