Burgess Rawson from CBRE are pleased to offer to the market the 24-hour self-serve Caltex Service Centre in Devonport TAS for sale via our Investment Portfolio Auction 181.

This opportunity has the following key investment highlights:

+ Ultra-rare 24-hour self-serve service station secured by a brand-new triple net lease—the most landlord-friendly structure available.
+ Brand new Ten (10) year triple net lease to 2035 plus Two (2) further Five (5) year options through to 2045.
+ Landlord-favourable, triple net lease terms with tenant responsible for all outgoings including rates, building insurance, public liability insurances and single holding land tax.
+ Tenant also responsible for all structural maintenance, repairs, and replacement.
+ IMPORTANT: Tenant owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation back to zoning.
+ Annual CPI rent reviews.
+ Roo Petroleum: Established operator with a growing national footprint — 8 sites across Tasmania, Victoria, and New South Wales, plus 3 new sites in development within 24 months.
+ The tenant, at their own expense, intends to construct a truck filling point, EV charging station, and car wash, thereby enhancing both the value of the investment and the land.
+ Recently completed (2025) $1.3 million upgrade, featuring full site remediation, installation of state‑of‑the‑art fibreglass tanks and lines, brand‑new fuel pumps, and Tas Petroleum’s advanced 24/7 payment technology.
+ The site is complemented by a renewed 5‑year net lease to 2030, with one further 5‑year option to 2035, secured to a long‑standing laundromat tenancy that has operated on‑site for over 17 years.
+ Strategic “Local Business’ zoning — a scarce and valuable designation that unlocks outstanding opportunities for future development (STCA).
+ Immaculate 1,827 sqm* freehold landholding with 36 metres* of frontage and exposure to William Street, the prominent arterial road providing direct connectivity between Devonport CBD and the Bass Highway.
+ Blue-chip position with strong residential support, complemented by adjoining established medical and retail services.
+ Less than 400 metres from IGA, Belle Esca, and TasTAFE — Tasmania’s largest provider of vocational education and training.
+ Devonport: a diversified economy based on the traditional sectors of Retail Trade, Health Care and Social Services, Manufacturing and Freight. With LIVING CITY, Devonport is emerging as the service, retail, tourism and cultural capital of North West Tasmania.
+ Tasmania’s economy has experienced solid growth in recent years, with an incredible Gross Regional Product of $40.46 billion. (1)
+ Net income: $199,463 pa* + GST.

To be sold by Investment Portfolio Auction
10:30am (AEDT) Wednesday 10 December 2025
River 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 173 049
George.Wilkinson1@cbre.com

* Approx
1. Economy.id