410 Forest Road, Hurstville (Shell Hurstville)

410 Forest Road, Hurstville, NSW, 2220, AU

Description

JLL Metropolitan Sales & Investments NSW, as the exclusive selling agents are proud to present 410 Forest Road, Hurstville, for sale by public auction at AuctionWorks, starting from 10:30 am Tuesday, 31st March 2026.

The property, operating as Shell OTR Hurstville, is a premium, long WALE service station investment situated within a high-growth area, prominently positioned on a major arterial road.

Anchored by a Viva Energy Australia Pty Ltd (trading as Shell)¹, the investment is enhanced by a triple net lease structure whereby the tenant pays all outgoings including land tax, along with annual CPI rent increases (min 3%, max 6%) delivering an attractive, low risk opportunity to sophisticated investors seeking stable returns.

Furthermore, the asset offers substantial future development potential (STCA), the site is zoned MU1 - Mixed use, permitting a structure up to 23m (7 storeys*) (STCA), underpinned by a unique lease condition that requires the land to be remediated to the highest and best use standard upon lease expiry.²

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Attributes

Land area gross

2,171 m²

Media

Investment Highlights

LONG-TERM BLUE-CHIP LEASE Brand new ten (10) year lease to Viva Energy Australia Pty Ltd (Shell), secured until March 2036, plus a ten (10) year option (to 2046). The tenant fully refurbished the property in 2025.
ATTRACTIVE TRIPLE NET LEASE STRUCTURE As per clause 1.1, 5 & 6 of the lease agreement the tenant is responsible to pay for all outgoings, including rates, levies, taxes, charges, assessments, duties, impositions and fees.
EXCEPTIONAL FUTURE DEVELOPMENT POTENTIAL MU1 Mixed Use zoning permitting a variety of different uses, up to 7-storeys* in height, with 3:1 Floor space ratio and up to 6,514 sqm* of gross floor area (STCA)
UNIQUE REMEDIATION OBLIGATION As per clause 13.2 of lease agreement, tenant must remove all their property from the premises, demolish and remove all improvements, then carry out land remediation to highest and best use standard.
PREMIUM CORNER LOCATION Prominent two-street frontage at Forest Road and Gloucester Road, within Hurstville town Centre providing superb access for motorists and customers. Additionally, the property adjoins a large council carpark.
ROBUST PASSING INCOME Estimated net annual income of $343,969.70* + GST. Secure rental growth with annual CPI increases (minimum 3%, maximum 6%) per annum.
GENEROUS LANDHOLDING 2,171.2 sqm* of site area in the rapidly growing suburb of Hurstville.
HIGH POPULATION GROWTH LOCATION SUPPORTING FUTURE PERFORMANCE Hurstville's population is experiencing strong growth, driven by high-density residential developments. The city centre population, estimated at 11,496 in mid-2024, is forecast to grow to 14,853 by 2046. ¹ Total suburban population growth is supported by an estimated 2,700 new dwellings. ¹

410 Forest Road, Hurstville is being offered for sale by Public Auction at AuctionWorks starting from 10:30am Tuesday, 31st March 2026. All parties interested in registering to bid or seeking further information are encouraged to contact the exclusive selling agents.

^{¹ Source: https://forecast.id.com.au/georges-river/about-forecast-areas?WebID=160}

^{² Source: Clause 13.2 of lease agreement}

^*Approximate