381 Chapman Road Bluff Point, WA 6530

Description
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381-385 Chapman Road, Bluff Point presents an exceptional investment opportunity in the heart of Geraldton. Recently refurbished with a $2 million upgrade, this high-performing service station is secured by a 12-year lease to Petro Fuels, a proven multi-site operator with 15+ WA locations. Featuring brand new double-skinned tanks with 30-year warranties and plans to expand the storage capacity to 130,000 litres, the site is trading strongly with growing volumes since reopening. Surrounded by schools and positioned on a major arterial road, the property offers long-term security, minimal capex exposure, and significant depreciation benefits.

Expressions of Interest close 10th October 2025 at 3:00 pm.

Key Features
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• Secure Long-Term Lease - 12 years + 6 x 5-year options to established operator Petro Fuels.
• High-Quality Infrastructure - $2m refurbishment, brand new tanks, PVC lines, and forecourt works.
• Massive Storage Capacity - 60,000L underground tank - Plans to add a further above ground 70,000 L tank - being installed by tenant at tenant cost.
• Prime Location - Prominent Geraldton arterial with 11,300 vehicles daily and strong catchment demographics.
• Future Upside - Additional adjoining lot provides scope for future residential or commercial development.
• Tenant Strength - Backed by 15+ operating sites, personal guarantees, and a security bond.
• Strong Net Income - $164,600 p.a. net with 3% annual increases + market reviews at option.

Please contact Stephen Kidd for further information on 0413 550 474.

Search Keywords (SEO)
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