CBRE is pleased to offer to market Caltex (Chevron), located at 1 Wishart Street (Cnr North Beach Road), Gwelup WA for sale via National Investment Portfolio Auction 184.

The property has the following key investment highlights:

+ Sixteen (16) Year net lease to July 2033 plus Four (4) further (10) Year options to July 2073, including a concurrent/sublease to Auto Masters.
+ IMPORTANT: Chevron is responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation.
+ Chevron Australia: a subsidiary of Chevron Corporation (NYSE: CVX): the 29th largest company in the world by revenue with a market cap of $375 billion USD.(2)
+ Caltex Australia: an Australian household name subsidiary of Chevron Corporation with over 360+ convenience retail sites nationally and growing.(2)
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance and multiple holding Land Tax.
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ Key 1,089 sqm* corner site integrated with Centuria Gwelup Shopping Centre, with over 18 retail shops including Farmer Jacks Supermarket and 324* car spaces.
+ 37,311 registered vehicles and total $57.27 million spending on fuel per annum within 3 kilometre radius.(3)
+ 64 metres* of dual frontage to North Beach Road and Wishart Street, a prominent intersection in the suburb with over 84,000* vehicles passing per week.(3)
+ Surrounded by important social infrastructure including 14 schools within 3km* servicing 6,358 full-time students(3).
+ Gwelup: Metro Perth growth suburb just 12km* from the Perth CBD, with median house prices surging 20.7% in the past 2 years to $1,650,000.(4)
+ City of Sterling: the largest LGA in Western Australia by population (249,872*), the municipality supports over 88,000* jobs and generates an annual economic output of $40.63 billion.(5)
+ Net Income: $326,193 pa* + GST (As at July 2026)

To be sold by Investment Portfolio Auction 184
10:30am (AEST) Wednesday 13 May 2026
Garden Room, Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx
(2)Chevron
(3)GapMaps
(4)Realestate.com.au
(5)Remplan