CBRE together with Howell Property Group are pleased to offer to the market the 24-hour self-serve Shell Service Centre in West Launceston TAS for sale via our Investment Portfolio Auction 184.

This opportunity has the following key investment highlights:

+ Ten (10) year double net lease to 2030 plus One (1) further Ten (1) year options through to 2040.
+ Roo Petroleum: Established operator with a growing national footprint with 8 sites across Tasmania, Victoria, and New South Wales, plus 3 new sites in development within 24 months.
+ Highly sought after 24-hour self-serve service station.
+ Landlord-favourable, double net lease terms with tenant responsible for all outgoings including rates, building insurance, public liability insurances and single holding land tax.
+ Attractive fixed 3.5% annual rent increases, ensuring compounding rental growth.
+ West Launceston Automotive: Expert servicing & repairs for all makes and models, with a specialisation in European vehicles and 30 years of industry experience.
+ Important: New Fiberglass tanks and fuel lines installed in 2012
+ Significant high-profile 1,865sqm* corner site with 83m* of street frontage to Cambridge and Vaux Streets.
+ Surrounded by important social infrastructure, including the University of Tasmania, TasTAFE, the Australian Maritime College and 11 schools within 3km servicing over 5,113 full time students. **
+ Launceston: the major administrative and commercial centre of Northern Tasmania, with a trade catchment exceeding 110,000.
+ Net Income: $148,104pa* + GST

For Sale via Investment Portfolio Auction
10:30 am AEST Wednesday 13 May 2026
Garden Room, Melbourne Crown Casino, VIC

*Approximately
**Premier.tas.gov.au