BP South Morang, 1235 Plenty Road, South Morang
A TROPHY ESSENTIAL SERVICE INVESTMENT WITH HEAD LEASE TO NYSE LISTED BP!
Jones Real Estate and Gorman Allard Shelton are pleased to offer the crown jewel of investments, BP South Morang at 1235 Plenty Road – For Sale via Expressions of Interest closing Wednesday 8th March 2023 at 2pm.
A triple AAA trophy investment with a head lease to New York Stock Exchange (NYSE) listed multinational oil and gas company BP (British Petroleum) and Oporto Holding Pty Ltd. Located in one of the largest municipalities in Melbourne – City of Whittlesea, this generational asset is surrounded by future residential housing with Plenty Road being an urban arterial connecting the North’s most populated suburbs.
A generational investment and revered by all, this property is future proofed by the covenant and the significant landholding it sits upon.
Key highlights of this trophy investment include:
– Current passing annual rental of $548,000 per annum plus GST + Outgoings.
– Long term initial lease of 12 years with favourable 3% increases and options until 2052.
– Securely leased to BP who generate a revenue of $106.79 billion USD per annum and national fast food operator Oporto Holdings Pty Ltd who have 180 stores country wide^ and continue to expand.
– Strategic landholding of 3,413sqm* future proofed by the covenant, existing residential catchment, and future development of surrounding area.
– Over 20,000 vehicles drive past this site daily. The primary mode of transportation for residents in South Morang is by car (84.8%) making BP South Morang an integral part of servicing the community.
– Ranked the 4th largest oil company in the world, BP is the 129th most valuable company by market cap^^.
– BP is listed on the New York Stock Exchange (NYSE), the largest stock exchange in the world located on the legendary Wall Street in New York City. The NYSE has a market capitalisation of $26.2 trillion and lists more than 2400 companies.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.