Burgess Rawson from CBRE is pleased to offer to the market Sinopec Convenience Retail site located at 50 Mahoney’s Road, Thomastown VIC for sale via our Investment Portfolio Auction 181.

This investment has the following key highlights:

+ Brand new Ten (10) Year lease to July 2035 plus Three (3) further Five (5) Year options to July 2050.
+ Sinopec Corporation: one of the world’s largest integrated oil and gas companies, ranked 6th on the Fortune Global 500 and dual listed on the Hong Kong (HKG:0386) and Shanghai (SHA:600028) Stock Exchanges, with revenue of US$420.5 billion* in FY2024.**
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings (excluding land tax) as per the lease.
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ Strategically positioned 2,884 sqm* site, boasting 59m* prime frontage and exposure to 25,900* vehicles daily*** along Mahoneys Road—an essential east–west arterial that connects the Metropolitan Ring Road (M80) with High Street and Dalton Road.***
+ Immaculate 240 sqm* convenience retail store recently upgraded to Sinopec’s newest corporate layout and design, with additional 444 sqm* detached canopy and 141 sqm* car wash with 1 premium automatic wash bay and 2 self-serve wash bays.
+ The location offers direct access to Melbourne’s key northern industrial hubs, including Thomastown, Epping, and Campbellfield, as well as major freight corridors.
+ Mahoneys Road Thomastown will directly benefit from the State Government’s ‘North-East Link’ project set to connect the Metropolitan Ring Road to the Eastern Freeway with a project cost of $26.1B.****
+ 34,514 registered vehicles and $57 million total household spending on fuel per annum within 3km* radius, which is higher than the national average.***
+ Located in the heart of Thomastown’s key industrial and residential precinct, the site forms part of a 600-hectare designated industrial zone that includes over 2,500 properties and supports more than 8,000 jobs.
+ Thomastown: thriving metro location, 14kms* north of Melbourne CBD.
+ City of Whittlesea: one of the largest municipalities in metropolitan Melbourne with the population projected to increase by 56.2% to 382,896 by 204.*****
+ Net Income: $330,752 pa* + GST

For Sale via Investment Portfolio Auction 181
10:30am AEDT Wednesday 10 December 2025
River Room, Crown Casino, Melbourne

* Approx
** Sinopec Corporation
*** Gapmaps
**** VIC Big Build
***** City of Whittlesea