Premium truck stop investment for sale with petrol station and convenience store. 472 Great Eastern Highway, the Shell Ascot for sale by CBRE’s Richard Cash.
An architecturally designed, premium truck stop investment for sale with petrol station and convenience store. 472 Great Eastern Highway, the Shell Ascot for sale by CBRE’s Richard Cash.
Situated on a prime 6,306sqm corner site at 472 Great Eastern Highway, the Shell Ascot is anchored by a 15-year lease to Fresh Trading Co, with four five-year options available.
The asset also includes a lease to coffee giant Gloria Jeans, providing a secure, long term retail investment opportunity.
CBRE’s Richard Cash has been appointed to market the property via an Expressions of Interest campaign that closes on 14 October 2021 at 3:00pm AWST.
“Truck stops and petrol stations continued to be a sought-after asset class due to the typically long lease terms, secure covenants and dependable cash flows,” Mr Cash said.
The recent truck stop campaign for Ampol Kwinana Beach, managed by CBRE’s Western Australian Retail Investments’ team, attracted over 130 genuine enquiries and multiple offers.
“Shell Ascot is the second truck stop and convenience store that CBRE’s Western Australian Retail Investments’ team has offered this month, highlighting the demand for securely leased assets with fixed rental increases, providing opportunity for further income growth,” Mr Cash said.
The Shell Ascot is located 6km from Perth CBD and close to Perth Airport.
To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.