Melbourne, 2 July 2014 – A high profile service station property in Doreen has been listed for sale, unlocking a prime commercial investment opportunity in one of Melbourne’s fastest growing areas.
Located on a large corner allotment at 940 Bridge Inn Road, the 2,820sqm property features a modern service station comprising a high clearance canopy and retail shop, as well as two adjoining retail shops.
The property is anchored by United Petroleum Pty Ltd, with an additional two further retail tenancies to operating as a food store and noodle shop. United Petroleum is signed to the property on a 10-year lease until 2022.
CBRE’s Paul Tzamalis, Jamus Campbell and Dean Hunt are selling the property on behalf of a syndicate of private investors via an Expressions of Interest campaign.
“Located
three kilometres south of the highly successful Laurimar Estate by Lend Lease,
this asset stands to leverage off significant growth and increased traffic flow
in the area, fuelled by a collection of new communities being established in
the Mernda-Doreen region,” Mr Tzamalis said.
“The property is also surrounded by several established service and food operators, such as McDonald’s cafes, takeaway outlets, a car wash and Repco, as well as a number of key sites earmarked for development.”
According to the population forecast researchers, id, between 2011 and 2021, the Mernda-Doreen population is forecast to surge by 164%.
Mr Tzamalis added: “This is an opportunity for investors to capitalise on future growth and own a corner property in what is tipped to become a highly desired commercial location.”
The property is being offered for sale by Expressions of Interest closing July 30 at 2.00pm.
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