Dominant 4,004sqm Convenience Retail Investment Leased to United Petroleum


+New 12-year lease to 2034 plus options to 2064.
+United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+Strong and certain rental growth with annual fixed, compounding 3% increases.
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+Strategic 4,004 sqm* corner site with 130 metres* of combined frontage to Marong Road and Specimen Hill Road, two main arterial roads servicing over 27,500 vehicles daily.***
+Woolworths, Spotlight, Bridgestone Select, Bob Jane T-Marts, JAX Tyres, Repco, Reece Plumbing, Mitre 10, KFC, Hungry Jack’s and Calder Highway connections all within 2.5km*.
+Located opposite Bendigo Stadium, the largest indoor sports stadium outside metro Melbourne, home to 10 indoor multi-purpose courts and 12 outdoor netball courts – attracting over 15,000 people per week.****
+Victoria’s largest inland city, the City of Greater Bendigo generates $16.7 billion in annual economic output with an estimated 47,905 jobs in the area.*****
+The value of building approvals in the Greater Bendigo region has grown 63% to $775 million since FY2020/2021.*****
+By 2036, the City of Greater Bendigo’s population is forecast to grow 23.52% to over 155,000.******
+Potential 50% stamp duty savings.
+Minimum management, essential service investment.
+Rent: $350,000 pa*

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino – River Room

** United Petroleum
*** Gapmaps
**** Bendigo Stadium
***** Remplan

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Rick Jacobson Sales Executive
0413 830 083
Matthew Wright Partner
0458 290 588
Zomart He Partner
0488 220 830
Enquiry Form

Bendigo, VIC

175-185 Marong Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 153

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