415 Grieve Parade (corner Pinnacle Road), Altona North, VIC, 3025

BP Altona North

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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 28^th November 2024 at 3:00pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.