250 Epping Rd 6,275 SF Retail Building Wollert, VIC 3750 $6,987,899 ($1,113.55/SF) 4.99% Cap Rate

This premier freehold investment offers dual tenancy with long-term security and a stable income stream in one of Melbourne’s fastest growing corridors. Anchored by corporate head leases, the property features an Ampol Foodary fuel and convenience center and a Smokin' Joe's QSR, both operated by industry-leading tenants. Together, these leases generate a combined rental income exceeding $496,000 annually plus outgoings, equating to a strong 5% return.
Ampol, a trusted national fuel brand, occupies the property under a head lease extending to 2030, with a further 5-year option, providing exceptional tenure. Smokin' Joe’s complements the site with a QSR lease through 2028 and multiple options extending to 2038. Tenants are responsible for council and water rates, while the landlord covers building insurance and land tax, minimizing ownership overhead. CPI-based annual rental increases and market reviews at options reinforce income growth potential.
Constructed in 2015, the property benefits from modern infrastructure including fibreglass fuel tanks, separate utility meters, and an efficient site layout. Situated on a substantial 4,799 sqm landholding within the high-demand Whittlesea region, this asset benefits from escalating land values and urban expansion, ensuring future development flexibility. This is a rare chance to secure a blue-chip investment combining income durability, corporate backing, and long-term capital growth prospects.