Viva Energy, 983 Waterworks Road, The Gap, Qld 4061

Burgess Rawson are pleased to offer to market the Viva Energy (Caltex) at 983 Waterworks Road, The Gap (Brisbane) QLD, to be sold via National Portfolio Auction 177.
 
This property has the following key investment highlights:

+ Sixteen (16) year net lease to Viva Energy 2033 plus four (4) further ten (10) year options to 2073
+ Viva Energy recently acquired the site as part of a strategic acquisition with Chevron Australia
+ Viva Energy Group Limited (ASX: VEA): blue-chip ASX200 company & Shell’s Australian licensee (1)
+ With over 1,500 fuel and convenience retail sites nationwide, Viva Energy has completed acquisitions of Coles Express, and the South Australian-based OTR group, aiming to transform it into Australia’s leading convenience and mobility retailer (1)
+ Viva Energy Australia recently acquired the site from Chevron Australia - the site will remain Caltex-branded, with the convenience store re-branded under Viva Energy Australia's store 24 concept
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including multiple holding land tax, rates and insurance
+ Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+ Fixed, compounding 3.00% annual rent increases ensuring continued income growth
+ High profile 2,294sqm* corner freehold site with 53 metres* of direct frontage to Waterworks Road, a major 4-lane arterial connecting directly to the Brisbane CBD
+ Favourable ‘Low-Medium Density Residential’ zoning allowing for future development potential up to 3 storeys* (STCA)
+ Strategically located directly opposite The Gap Village, a major neighbourhood shopping centre, anchored by Coles, ALDI, McDonald’s, and 55+ specialty retailers
+ Located directly opposite The Gap State High servicing 1,700 students* and surrounded by additional important social infrastructure including 10 schools within a 3km radius* servicing 6,450+ full time student (2)
+ Perfectly located within high growth corridor with 92,386 residents* & 54,076 motor vehicles* within a 5km radius*, ensuring the strong trade of the tenant (2)
+ The Gap: established, affluent residential catchment located 7km* west from the Brisbane CBD, in one of Brisbane most sought-after metropolitan catchments
+ City of Brisbane: Australia’s largest council by population, with a population forecast to grow 12.9% to over 2,900,000 people by 2035 (3)
+ Estimated Net Income: $278,689* pa + GST (as at August 2025)

For Sale via Investment Portfolio Auction 177
10:30am AEST Thursday 26 June 2025
The Westin, Brisbane

Jamie Perlinger
0413 860 315
[email protected]

David Napoleone
0417 308 067
[email protected]

Tom Lawrence
0428 626 117
[email protected]

*Approx
1 Viva Energy
2 Gapmaps
3 World Population