Contact Agent

McGees Property are pleased to offer United Petroleum located at 652-656 Torrens Road, Pennington for sale.

Providing an exceptional opportunity to secure a blue-chip, high profile, national service operated commercial facility leased to United Petroleum.

The property has the following key investment highlights:

• Long-term lease to United Petroleum to November 2033 plus 6 x 5 year options to renew until 2063
• United Petroleum is one of Australia's largest and independent fuel retailers with circa 500 fuel convenience retail sites nationally
• Set and forget lease structure, with tenant responsible for usual outgoings including insurance, statutory outgoings, repair and maintenance
• Fixed annual rent increases of 2.5% per annum with market review upon renewal
• Prime 2,978 sqm* corner site featuring 141m* combined frontage
• Pennington: Up and coming inner metro suburb located 12kms* from the Adelaide CBD with a median house price of $800,000, up 13.6% in the last 12 months
• City of Charles Sturt: city northwest of Adelaide CBD with a population of over 120,000* and an economic output of $16.315 billion*
• Stamp duty free investment
• Estimated net income of $242,300 per annum

For further information, please contact the exclusively listed agents at McGees Property Adelaide.

(approx.)