Burgess Rawson from CBRE are pleased to offer to market Jasbe (BP) Convenience Retail site at 268 Kororoit Creek Road, Williamstown North, VIC to be sold via National Portfolio Auction 179.

This property has the following key investment highlights:

+ Twelve (12) Year lease to June 2036 plus Four (4) further Five (5) Year options to June 2056
+ Jasbe Petroleum: Established in 1988 with 50+ locations across VIC and NSW and employing over 600 staff**
+ BP (British Petroleum) – A global energy leader dual-listed on the LSE (BP) and NYSE (BP), with a combined market cap of $134 billion***
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings (excluding land tax) as per the lease
+ Fixed, compounding 2.5% annual rent increases ensuring continued income growth
+ Brand new 2024 construction, providing maximum tax saving depreciation benefits with 54% of year 1 rent potentially free of income tax****
+ Major 3,445 sqm* main thoroughfare corner freehold site with seamless integration to adjoining McDonald’s and 159 metres* of combined frontage and exposure to Kulin Way, Robbins Circuit and Kororoit Creek Road, a major 4-lane connector road, servicing 27,000 vehicles daily*****
+ Immaculate 298 sqm* convenience store built in line with Jasbe’s corporate layout and design, with additional 380 sqm* detached canopy
+ Position perfect with seamless integration to adjoining McDonald’s
+ Strategic location in the heart of one of Australia’s most important logistics hub, just 6 km* to the Melbourne CBD and 5 km* to Port Melbourne
+ One of Australia’s most important logistics hubs, the City of Hobsons Bay generates $19.16 billion in annual economic output****** with an estimated 45,199 jobs in the area*******
+ Williamstown: west Melbourne’s premier bayside suburb, only 6kms* from the Melbourne CBD and home to 12,112 residents********, with a median house price of $1.52 million*********
+ Geographical significance of the area evident through ongoing government funded development projects – the $10.2 billion West Gate Tunnel Project will deliver an alternative to the West Gate Bridge, providing a second river crossing and improving connections between Melbourne’s west, the city centre, and Melbourne’s major ports**********
+ Hobson Bay City Council: major metropolitan Melbourne LGA home to 94,705 residents with population forecast to increase over 19% to 113,134 by 2041********
+ Net Income: $328,575 pa* + GST

For Sale via Investment Portfolio Auction 179
10:30am AEST Tuesday 16 September 2025
The Garden Room, Crown Casino, Melbourne

*Approx
** Jasbe
*** BP
**** JM Advisory
*****Gapmaps
****** REMPlan
******* Economic.id
******** .id
********* Realestate.com.au
********** Castleross Construction