A new service station in Seymour, about 105 kilometres north of Melbourne, sold for $4.4 million the week before a public marketing campaign launch. Quinn Reynolds’ Marcus Quinn and Lincoln Reynolds with Appel Property’s Ben Appel found the buyer while touting it off-market prior to the first advertisements going live. With a 15 year lease

A Dandenong South service station has traded – the second in two months. The marketing agents aren’t disclosing the sale price of 260-262 Hammond Road – which is $3.825 million reflecting a 6.4 per cent yield. Built in 2017 and with 13 years left of a lease to Shell, it includes a 227 square metre

A new Rosebud service station with a 15-year lease to Viva Energy, trading as a Liberty, sold for $7.6 million this week. The asset, 803 Nepean Road (Nepean Highway), was scheduled for auction early next month. Viva picks up all the outgoings including Goods and Services Tax, building insurance and land tax. However its rental

Three hours was what it took to seal a $6 million-plus deal for a service station in Melbourne’s north-west Gisborne. Property investor, lawyer Konfir Kabo, offered 23 Robertson Street in mid February. Quinn Reynolds’ Marcus Quinn and Lincoln Reynolds, with Appel Property’s Ben Appel as transaction manager, closed a deadline private sale campaign last Friday.

Developer and investor Peter Spargo has banked $7.1 million from the disposal of a new service station in Melbourne’s burgeoning northern suburb of Mickleham. The deal for 470 Donnybrook Road (pictured, top) was struck on a low passing yield of 4.92 per cent. Mr Spargo, who owns a portfolio of Victorian petrol stations, is selling

Nigel Hunt’s McLaren Developments, with Pomeroy Pacific, directed by Dug Pomeroy, have sold a service station in Melbourne’s outer south-east, for $4.9 million. Leased to United Petroleum, the asset, 1050 Thompsons Road, Cranbourne West, forms part of the Thompsons Gateway complex which the consortium is building, about 40 kilometres from the CBD. Spreading over 1.3

An investor has paid $6.43 million for a service station on Melbourne’s northern city fringe – bringing the value of petrol stations sold in the city this month to $14.2 million. The asset at 147-157 Arden Street, on the south-east corner of Dryburgh Street, in North Melbourne, was offered with a new 10-year lease to

ASX-listed petrol giant Caltex Australia has sold two Melbourne service stations for a total of $7.8 million. In the biggest deal, a Rowville outlet at 940 Stud Road, about 27 kilometres south-east of the CBD, traded for $4.126 million. The asset was offered with a new 15-year leaseback to Caltex Australia which agreed to pay

Service station owners Avi Silver and Eddie Hirsch have sold an Abbotsford office built into a former shoe factory. The asset, 198-210 Hoddle Street, was expected to sell for around $10 million following an expressions of interest campaign which agency Teska Carson closed nine days ago. It is speculated to be selling for more than

Tasman Logistics Services has rented an industrial property on land forming almost a fifth of the proposed $2 billion Yarraville Gardens “mini-city”, in Melbourne’s west. The occupier has committed to 361-367 Francis Street, Yarraville, for an initial three years, paying starting annual rent of $900,000. With an 11,300 square metre warehouse the 4.62 hectare facility is

Five weeks after Australian Unity vacated its long-time South Melbourne headquarters – an office it plans to redevelop as a vertical retirement village – a property behind it has hit the market for sale. Any acquisition of 71-73 Palmerston Crescent, for sale via Colliers International, could expand AU’s landbank by 818 square metres. It would