Ampol offers portfolio of surplus servos

Caltex sold a portfolio of surplus service stations – including in Brunswick East – in 2019.

Ampol is selling a portfolio of 18 service stations.

The bulk are in regional locations in east coast states including five in Victoria, four in New South Wales and two in Queensland.

Another four are in South Australia, with one each in the ACT and Tasmania.

Some are being promoted for their development upside.

“These sites have been selected for divestment following an extensive network review,” Ampol head of Investment Management, Brendan O’Rourke, said.

“Whilst surplus to the Ampol network, the positions and locations present a wide array of development opportunities that will undoubtedly appeal to a broad cross-section of developers and owner-occupiers across the country,” he added (story continues below).

The portfolio is expected to trade for about $20 million.

The listing comes two years since the owners of 7-Eleven’s Australian franchise, the Withers family, offloaded 15 service stations with a leaseback for a total of $77.915m.

Early last year – just before the COVID pandemic locked down the country – the same vendor reaped $78.2m from a portfolio of 18 assets, also rented to the convenience chain.

Stonebridge’s Lincoln Blackledge and Julian White are representing Ampol which will offer the blocks remediated.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of