Beschrijving

JLL Retail Investments are pleased to offer for sale ‘United Convenience Centre Doreen’, a strategically located convenience retail centre, within one of metropolitan Melbourne's fastest growing residential corridors.

This investment comprises a flagship United Petroleum service station and convenience store, complemented by two established takeaway food tenancies - Doreen Noodle Bar and Lilydale Free Range Roast Chicken, providing investors with a diversified income stream.

The property is set on a high-profile 2,820sqm* corner landholding, comprising a significant 130m total frontage to Bridge Inn and Yan Yean Road, currently being transformed by an $88M Gov funded expansion - set to materially increase traffic volumes and accessibility for the centre.

Key Investment highlights:

+ Anchored by United Petroleum – Australia's leading independent fuel and convenience operator with 500+ sites nationally

+ Diversified income with leases to three tenants, providing strong resilience across convenience retail, and takeaway food categories

+ Landlord favourable NET lease structures with all tenants responsible for all outgoings, excluding land tax

+ Strong guaranteed rental growth with 3.0%–3.5% fixed annual increases, and United Petroleum delivering fixed reviews throughout all option periods

+ Modern convenience retail centre across 2,820sqm Mixed Use Zoned corner with a significant 130m total frontage to major arterials Yan Yean and Bridge Inn roads.

+ Transformative $88M Yan Yean Road Upgrade – Stage 2 currently under construction - part of the $3.14B Suburban Roads Program, including a new signalised intersection and 4 lane duplication at the asset’s frontage

+ Prominent corner position on Bridge Inn Road – the principal east-west arterial servicing the rapidly expanding Doreen/Mernda/Yarrambat catchment with 24,000+ daily passing vehicles

+ Located in the City of Whittlesea – one of Victoria's fastest growing municipalities, forecast to grow by 55.6% (+128,883 residents) by 2041

+ Doreen: Only 27km from Melbourne CBD with 27,000+ population and +24% median house price growth since 2021

+ Net Income: $463,571 pa + GST* (as at August 2026)

*Approx

For sale by Expressions of Interest closing Thursday 4th June 2026 at 4:00pm (AEST)

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

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

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

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