100 Alexander Street
Shearwater TAS 7307
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Auction: 22nd Oct 2025 (10:30 am)
Ultra Rare Triple Net Lease to 2036 + Options to 2061
Elders Commercial in conjunction with Burgess Rawson from CBRE are pleased to offer to market 'United Petroleum' at 100 Alexander Street, Shearwater, TAS for sale by Investment Portfolio Auction at 10.30 am (AEDT) Wednesday 22 October 2025 at the Crown Casino, Melbourne.The property has the following key investment highlights:
• One of the most exceptional & rare service station leases to hit the market - first offering of its kind in Tas since 2022!
• Twenty (20) year triple net lease to 2036 plus options (10 + 5 + 5 + 5) through to 2061
• United Petroleum: One of Australia's largest & fastest growing independent fuel retailers with > 500 sites nationally (1)
• Strong and certain rental growth with fixed annual, compounding 3.5% increases
• Landlord favorable triple net lease terms with tenant responsible for rates, building insurance & single holding land tax*
• Tenant also responsible for all structural maintenance, repairs and replacement*
• IMPORTANT: Unitted Petroleum owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation
• Commercial zoned site offering outstanding prospects for future commercial development (STCA)
• Expansive 5,951 sqm* freehold landholding with 100.59 metres* of frontage and exposure
• Alexander Street is the main arterial road connecting Port Sorell, Shearwater and Hawley Beach
• Blue chip CBD position, adjoining the premier neighbourhood shopping centre and close to Mitre 10
• Neighbourhood shopping centre anchored by Woolworths, BWS, Aus Post/ Terry White + 14 specialty retailers
• Shearwater / Port Sorell: booming coastal precinct, with $45m* retirement living project just approved close by
• Net income $197,620 pa* + GST
For further information or to arrange an inspection, please contact Elders Commercial or Burgess Rawson from CBRE.
1. United Petroleum
2. One Care
3. Spirit of Tasmania
4. Economy.id
* Approximately ~ please reference lease & source property documentation
Features
General Features
- Land Area: 5,951sqm
- Commercial Type: Industrial/Warehouse
- Building Area: 413sqm
- Zoning: Commercial
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