Circa 8%+ Yield Anticipated! | 15 Year Lease to Viva Energy | Tenant Pays Land Tax
Description
CBRE from CBRE together with Quinn Property Co are pleased to offer to market the Viva Energy convenience retail outlet at 34-36 Monash Road in Newborough VIC, to be sold via National Portfolio Auction 180.
This property has the following key investment highlights:
+ Fifteen (15) Year lease to Viva Energy October 2030 plus further Five (5) year options to October 2040.
+ Viva Energy Australia (ASX: VEA): ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally. (1)
+ Tenant responsible for all usual outgoings as per lease including Land Tax.
+ Central 1,916sqm* retail freehold site with 40.8 metres* street frontage.
+ Total refurbishment 2007, including new fiberglass tanks and lines plus new canopy
+ Recently refurbished (2024) 180sqm* convenience retail store, plus 166sqm* canopy area.
+ ‘Mixed Use’ Zone under the City of La Trobe Planning Scheme.
+ Proven position ‘Outbound’ or ‘Moe bound’ or ‘Princes Hwy – Melbourne bound’ location.
+ Moe / Newborough trade catchment population circa 17,894, central within the Latrobe City Region servicing a trade catchment of 126,800+ people. (2)
+ Annual CPI rent reviews.
+ Potential 50% stamp duty saving.
+ Estimated Net Income: $192,034pa* + GST (approx)
To be sold via Investment Portfolio Auction 180 (IF NOT SOLD PRIOR)
10:30am AEDT Wednesday 22 October 2025
Garden Room, Crown Casino, Melbourne
CBRE from CBRE
Mark Foster 0475 454 431
Raoul Holderhead 0413 860 304
Quinn Property Co
Marcus Quinn 0439 328 080
(1) Viva Energy
(2) Latrobe City Council
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Contact agents
Raoul Holderhead Senior Director
0413 860 304
Mark Foster Junior Sales Associate
0475 454 431Enquiry Form
Newborough, VIC
34-36 Monash Road
- Sold Price: Contact Agent
This property was sold as part of Portfolio 180
Contact agents
-
Raoul Holderhead Senior Director
0413 860 304 -
Mark Foster Junior Sales Associate
0475 454 431