BP Altona North, 415 Grieve Parade, Altona North, Vic 3025

JLL Retail Investments under instruction from Appel Property is pleased to offer for sale the freehold interest in BP Altona North. A dual income retail investment with a brand new 20-year lease located just 11km* from the Melbourne CBD.
 
The property is situated on Grieve Parade, designated as one of Melbourne’s main industrial roadways within Melbourne’s Principal Freight Network (PFN)

 
Key investment highlights include:

+ Expansive 2,557sqm* corner landholding.
+ Attractive net lease structure with tenants paying all outgoings excluding land tax.
+ 15,000* vehicles passing daily including 4,300* heavy vehicles.
+ Major truck stop location within Melbourne’s prime inner-west industrial precinct, and directly opposite Toyota’s state-of-the-art
$40m ‘Centre-of-excellence’ facility.
+ Long term, 20-year lease to highly experience BP Operation and National Fast Food Operator, New York Minute.
+ Highly connected location only 1.5km* from the entrance to West Gate Freeway.
+ Estimated current passing rental of $485,000 per annum + GST.
 + Major depreciation benefits – Napier & Blakley report available upon request.
   
 BP Altona North is available for sale via an Expressions of Interest (EOI) Campaign closing Thursday 28th November 2024 at 3:00pm (AEDT) 
 
 To obtain further information or to arrange an inspection, please contact the exclusive selling agents. 
   
 Jarrod Herscu |  0418 155 062 
 Tom Noonan |  0402 319 698 
 MingXuan Li | 0498 688 998 
 Dominic McGrath | 0416 440 525