United Petroleum Maddington for sale presenting buyers with an opportunity to invest in a desirable, near new and securely leased defensive retail asset. JLL Director of Industrial and Logistics - (WA), Andrew Fife and Director of Sales and Investments - (WA), Sean Flynn have been appointed to sell the service station and convenience store at 13 Stebbing Road.
Located at 13 Stebbing Road, 20 kilometres southeast of the Perth CBD, United Maddington is leased on an initial term of 15-years, generating a net passing income of approximately $366,000 per annum.
JLL’s Director of Industrial and Logistics - (WA), Andrew Fife and Director of Sales and Investments - (WA), Sean Flynn have been appointed to sell the service station and convenience store at 13 Stebbing Road via an Offers Invited campaign.
The property benefits from a highly visible location on the corner of Kelvin Road. The truck stop facilities, integrated convenience store and Pie Face outlet are targeted to serve both its industrial and residential catchments.
Mr Fife said, “As the investor market has shaken off the shackles of COVID-19, we’ve seen strong demand for anything that’s securely leased with a strong covenant. This property ticks those boxes perfectly with its 15 years lease to United Petroleum and targeted fuel and convenience retail offering.”
Mr Flynn said, Demand for service station investments has been strong for some years now and the combination of the current and sustained low interest rate environment and a lack of quality purchasing opportunities in this sector should see a very strong result.”
13 Stebbing Road is positioned on a homebound location within the rapidly expanding City of Gosnells, and the 5,565sqm site has direct access and exposure to an estimated 15,000 vehicles per day.
The suburb of Maddington is expected to have a population growth of 25% throughout the next 15 years that is set to fuel a higher demand for services accommodating to a larger population.
United Petroleum Maddington at 13 Stebbing Road, Maddington if offered for sale via an Offers Invited campaign closing on Wednesday 30th June 2021 at 12pm (AWST).
To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below.