United Petroleum Buys Victorian Freeholds and Leaseholds

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.

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