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

BP Altona North

Asset description

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.

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

Jarrod Herscu | 0418 155 062