Description

JLL Retail Investments presents United Petroleum, Box Hill: a freehold service station investment secured by a 20-year triple net lease to Australia’s largest independent fuel and convenience retailer.

Positioned 14 km* east of the Melbourne CBD, the property is a prominent corner landholding on Elgar Road, a major arterial road carrying 29,000+* vehicles daily.

Key investment highlights

+ Triple net lease to United Petroleum: The 20-year lease commenced in August 2016 and expires in July 2036, with one further 10-year option and three further 5-year options.

+ Fixed 3.5% annual increases: Compounding rental growth through the initial term and all 25 years of options.

+ Net income of $246,854 + GST p.a.: With the tenant responsible for100% of outgoings, including structural works and repairs.

+ Box Hill, widely regarded as Melbourne’s second CBD: Situated just 1.5 km from the Box Hill CBD and train station, and a population forecast to grow 239% by 2056.

+ Commercial 1 Zone: C1Z under the City of Whitehorse Planning Scheme, with a preferred building height of 14.5 m (four storeys) providing long-term development potential (STCA)

+ Prominent 861 sqm corner site: 30 m* of frontage to Elgar Road and two access/egress points.

*Approximately

United Petroleum, Box Hill is for sale by Deadline Private Sale, closing Wednesday 11 November 2026 at 3:00pm (AEDT), if not sold prior.

To request the data room or arrange an inspection, contact the exclusive selling agents:

Dominic McGrath | 0416 440 525 | Dominic.McGrath@jll.com

Romanor Falconer | 0400 757 171 | Romanor.Falconer@jll.com

Mingxuan Li | 0498 688 998 | MingXuan.Li@jll.com

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