Churchill – realestatesource https://www.realestatesource.com.au Commercial and residential property news Tue, 15 May 2012 04:00:09 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Churchill – realestatesource https://www.realestatesource.com.au 32 32 United Petroleum Buys Victorian Freeholds and Leaseholds https://www.realestatesource.com.au/united-petroleum-buys-victorian-freeholds-and-leaseholds/ Tue, 15 May 2012 04:00:09 +0000 http://realestatesource.com.au/wordpress/united-petroleum-buys-victorian-freeholds-and-leaseholds.html A PORTFOLIO of four Freedom petrol stations in Gippsland has sold for $7.6 million to United Petroleum, which will be an owner-occupier.

The most expensive asset, a 1812-square-metre station overlooking Western Port in San Remo, South Gippsland, sold for $3.59 million (image of pelicans at San Remo, right).

The other stations are in Churchill, Traralgon and Newborough.

In conjunction with these property sales, a 14-site retail network of Freedom Fuel stores also sold to United Petroleum for an undisclosed price.

]]> The service stations – in Gippsland, the Latrobe Valley, and in Melbourne’s Burwood and Kew – will also be rebranded, adding to almost 300 stations United operates nationally.

”Intervention by the ACCC, who were concerned about competition issues, delayed settlement by three to four months,” selling agent Ron Newton of Ronald A Newton and Associates said.

Some deals took more than a year to finalise, he added.

 

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