Burgess Rawson from CBRE, in conjunction with RWC Adelaide, are pleased to offer to market the BP (X Convenience) at 483 Waterloo Corner Road, Burton SA, to be sold via National Portfolio Auction 179.

This property has the following key investment highlights:

+ Brand new Fifteen (15) Year lease to BP through to July 2040 plus Two (2) further Ten (10) Year options to July 2060.
+ BP (British Petroleum) – A global energy leader dual-listed on the LSE (BP) and NYSE (BP), with a combined market cap of $134 billion. Recently acquired X Convenience in SA and WA, expanding its national footprint to over 1,400 convenience retail sites. (1)
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including single holding land tax as per the lease.
+ IMPORTANT: BP owns and is responsible to monitor, maintain, service, repair & replace all fuel equipment.
+ Prominent 2,300sqm* corner site with 94m* frontage and exposure to 84,700* vehicles passing weekly via Waterloo Corner Road. (2)
+ Highly desirable corner position, the first convenience retail site from exit ramps of major freight arterials.
+ Strategic position provides instant access to major freight routes Princess Highway and North-South Motorway servicing a combined 71,000* vehicles daily (2), in the heart of thriving automotive & industrial precinct.
+ Surrounded by important social infrastructure including five schools servicing 2,972 full time students. (2)
+ Located 1km* from Springbank Plaza Shopping Centre, a single supermarket shopping centre anchored by Woolworth’s, BWS and Auspost and complemented by 8 specialty retailers. (3)
+ Burton: dynamic suburb with crucial residential and industrial mix, with population surging 77% by 2046. (4)
+ City of Salisbury: By 2046, the City of Salisbury’s population is forecast to grow to over 155,000 people (4) the LGA supports over 66,000 local jobs (5) with an annual economic output of $25.6 billion. (6)
+ Stamp Duty free investment.
+ Net Income: $350,000 pa* + GST

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

Burgess Rawson & Associates Victoria Pty Ltd – RLA 327401
Shaun Venables – 0411 860 865
Jamie Perlinger – 0413 860 315

Immobiliare (SA) Pty Ltd T/A RWC Adelaide – RLA 332186
Harry Einarson – 0421 747 442
Jack Dyson – 0448 685 593

CBRE – South Australia – RLA 208125
Oliver Grivell 0478 069 579

For further information, please contact the Burgess Rawson from CBRE or Ray White Commercial selling agents.

*Approx
1 BP
2 Gapmaps
3 Springbank Plaza
4 .id
5 Economic.id
6 REMPlan