Burgess Rawson from CBRE is pleased to offer to the market United Petroleum, Shearwater (Port Sorell) TAS for sale via our Investment Portfolio Auction 180.

This opportunity has the following key investment highlights:

+ One of the most exceptional and rare service station leases to hit the market—marking the first offering of its kind in Tasmania since 2022!
+ Twenty (20) year triple net lease to 2036 plus options (10 + 5 + 5 + 5) through to 2061.
+ United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 500 sites nationally. (1)
+ Strong and certain rental growth with fixed annual, compounding 3.5% increases.
+ Landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurances and single holding land tax.
+ Tenant also responsible for all structural maintenance, repairs, and replacement.
+ IMPORTANT: United Petroleum owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation.
+ Commercial zoned site offering outstanding prospects for future commercial development (STCA).
+ Expansive 5,951sqm* freehold landholding with 100.59 metres* of frontage and exposure to Alexander Street, the main arterial road connecting Port Sorell, Shearwater and Hawley Beach.
+ Blue-chip CBD position, adjoining the premier neighbourhood shopping centre anchored by Woolworths, BWS, Australia Post, and TerryWhite Chemmart, and supported by over 14 specialty retailers.
+ Only service station within the entire Shearwater/Port Sorell catchment (12km* radius).
+ Shearwater/Port Sorell: booming bay-side residential precinct with median house prices up 27.5% in the past 12 months. (2)
+ Only 15 minute drive to Devonport, Tasmania’s major shipping port and tourism link to Mainland – 450,000* passengers arrive annually via the Spirit of Tasmania Ferries. (3)
+ Tasmania’s economy has experienced solid growth in recent years, with an incredible Gross Regional Product of $40.46 billion. (4)
+ Net income: $197,620 pa* + GST.

To be sold by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 October 2025
Garden Room – Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

Rick Jacobson
0413 830 083
Rick.Jacobson@cbre.com

Sam Mercuri
0413 830 709
Sam.Mercuri@cbre.com

George Wilkinson
0439 179 043
George.Wilkinson1@cbre.com

Nicholas Bond
0414 395 007
Nicholas.Bond@elders.com.au

* Approx
1. United Petroleum
2. Realestate.com.au
3. Spirit of Tasmania
4. Economy.id