BP, 383 Nerang Road, Molendinar, Qld 4214

CBRE is pleased to present to the market British Petroleum & The Yiros Shop, located at 383 Southport Nerang Road, Molendinar (Gold Coast) QLD 4214 for sale via Investment Portfolio Auction 185.

The opportunity has the following investment highlights:

+ Anchored by a ten (10) year head company lease to BP to May 2031, plus four (4) further five (5) year options to 2051
+ British Petroleum (BP): dual listed (LON: BP) (NYSE: BP) international oil and gas powerhouse, with 21,200+ retail sites across 70 countries, and a combined current market cap of $204 billion* (1)
+ Supported by a brand new ten (10) year net lease to The Yiros Shop (TYS) to November 2035, plus two (2) further seven (7) year options to 2049
+ The Yiros Shop: One of Australia’s fastest growing fast-food brands with 15+ stores nationally, and a dominant pipeline of 20+ new locations in the next 12-24 months (2)
+ Land rich 3,565sqm* corner site with a combined 122m* of dual street frontage to Southport Nerang Road & Industrial Avenue, ensuring exceptional visibility, accessibility and long-term trade of the tenants (3)
+ Southport-Nerang Road: a major arterial connecting to Surfers Paradise and Southport, providing direct exposure to 260,000+ passing vehicles weekly* (4)
+ State-of-the-art construction in 2021 including 264sqm* BP retail store, 260sqm* fast food restaurant including important drive-thru, providing modern fuel equipment and significant long-term depreciation benefits to the incoming purchaser
+ Mixture of annual fixed 3.50% increases and CPI reviews (capped at 3.25%), providing annual, compounding income growth
+ Landlord-favourable lease terms, with BP and TYS paying all usual outgoings, excluding land tax and BP's building insurance
+ Directly adjoining General Self Storage new 3 level facility and surrounded by complementary national retailers including McDonald’s, Supercheap Auto, Anaconda, RSEA, Spotlights, Petstock & ALDI
+ Adjoining three-storey, 15,736sqm, $100m National Storage Development, illustrating the long-term value of the landholding 
+ Gold Coast: Global tourism powerhouse and Australia's most populated non-capital city with 762,000+ residents, anticipating a 31% increase to over 1,000,000 by 2041 (5)
+ Estimated Net Income: $607,689 pa* + GST

For Sale via Investment Portfolio Auction 185
10.30am AEST Thursday 25 June 2025
Level 3, Waterfront Place, Brisbane City

Please contact the exclusively appointed sales team for more information

*Approx. 

(1) BP
(2) The Yiros Shop
(3) Landchecker
(4) GapMaps
(5) Gold Coast City Council