Rare 20 Year Triple Net Lease to 2036 | Fixed 3.5% Annual Rent Increases


Burgess Rawson and Knight Frank TAS is pleased to offer to the market, United Petroleum Launceston (Newnham) TAS for sale via Investment Portfolio Auction 157.

This investment has the following key investment highlights:

+ Rare 20-year Triple Net Lease to 2036 plus options to 2056.
+ 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 fixed annual, compounding 3.5% increases.
+ Landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurances and single holding land tax.
+ Tenant also responsible for all structural maintenance, repairs, and replacement.
+ IMPORTANT: United Petroleum owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation.
+ Recently redeveloped, offering modern infrastructure and substantial taxation saving depreciation benefits.
+ High-profile 1,998sqm site with 55 metres of street frontage and exposure to over 88,000 vehicles per week.
+ Located within 850 metres* of Mowbray’s vibrant retail centre, home to Coles, Woolworths, Target, Chemist Warehouse, KFC, Subway, Hungry Jack’s and BWS.
+ 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.
+ Geographical significance of the area evident through ongoing publicly funded development projects – the $536M Launceston City Deal is redefining Launceston as one of the nation’s most liveable and innovative regional cities, delivering jobs and driving economic stimulus. ****
+ Commsec ranks Tasmania as Australia’s best performing economy, with consistently high rankings across the eight indicators. *****
+ Net Income: $295,021 pa* + GST

To be sold by Investment Portfolio Auction:
10:30am (AEDT) Wednesday 7 December 2022
Crown Casino – River Room

Please contact our agents below for further information:

Burgess Rawson Melbourne
Jamie Perlinger 0413 860 315
Rick Jacobson 0413 830 083
Matthew Wright 0458 290 588

Knight Frank Launceston
Nicholas Bond 0414 395 007
David Webster 0419 516 629

** United Petroleum
*** Gapmaps

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Rick Jacobson
0413 830 083
Matthew Wright Partner
0458 290 588
Enquiry Form

Launceston, TAS

7 George Town Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 157

Contact agents