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By Raj Malhotra | 5 February 2025

Rare Ground Lease Bp Jindalee For Sale

​A rare opportunity for an investor to purchase a quality tenanted asset with annual rental growthA securely leased petrol station and convenience store situated in Perth’s Northern growth corridor is expected to attract strong amounts of interest from local, national, and international buying groups when it formally hits the market this week.Located at 2 Abello Boulevard, Jindalee the BP leased property possesses a strong tenant covenant, long secure lease, fixed annual rental growth and significant street exposure to the busy Marmion Avenue with over 34,500* passing vehicles daily.BP Jindalee represents the first ground lease service station to be marketed since early 2022.  The property is leased to global giant BP who have over 1,400 stores nationwide.Colliers State Chief Executive,Richard Cashand Executive of Investment Services,Aidan Austenhave been exclusively appointed to sell the property.Mr Cashsaid “BP Jindalee is a rare opportunity for the retail investment market to purchase a blue chip tenant covenant by way of ground lease”Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

A securely leased petrol station and convenience store situated in Perth’s Northern growth corridor is expected to attract strong amounts of interest from local, national, and international buying groups when it formally hits the market this week.Located at 2 Abello Boulevard, Jindalee the BP leased property possesses a strong tenant covenant, long secure lease, fixed annual rental growth and significant street exposure to the busy Marmion Avenue with over 34,500* passing vehicles daily.BP Jindalee represents the first ground lease service station to be marketed since early 2022.  The property is leased to global giant BP who have over 1,400 stores nationwide.Colliers State Chief Executive,Richard Cashand Executive of Investment Services,Aidan Austenhave been exclusively appointed to sell the property.Mr Cashsaid “BP Jindalee is a rare opportunity for the retail investment market to purchase a blue chip tenant covenant by way of ground lease”Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

Located at 2 Abello Boulevard, Jindalee the BP leased property possesses a strong tenant covenant, long secure lease, fixed annual rental growth and significant street exposure to the busy Marmion Avenue with over 34,500* passing vehicles daily.BP Jindalee represents the first ground lease service station to be marketed since early 2022.  The property is leased to global giant BP who have over 1,400 stores nationwide.Colliers State Chief Executive,Richard Cashand Executive of Investment Services,Aidan Austenhave been exclusively appointed to sell the property.Mr Cashsaid “BP Jindalee is a rare opportunity for the retail investment market to purchase a blue chip tenant covenant by way of ground lease”Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

BP Jindalee represents the first ground lease service station to be marketed since early 2022.  The property is leased to global giant BP who have over 1,400 stores nationwide.Colliers State Chief Executive,Richard Cashand Executive of Investment Services,Aidan Austenhave been exclusively appointed to sell the property.Mr Cashsaid “BP Jindalee is a rare opportunity for the retail investment market to purchase a blue chip tenant covenant by way of ground lease”Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

Colliers State Chief Executive,Richard Cashand Executive of Investment Services,Aidan Austenhave been exclusively appointed to sell the property.Mr Cashsaid “BP Jindalee is a rare opportunity for the retail investment market to purchase a blue chip tenant covenant by way of ground lease”Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

Mr Cashsaid “BP Jindalee is a rare opportunity for the retail investment market to purchase a blue chip tenant covenant by way of ground lease”Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

Mr Austensaid “With 8 Service Stations transacting in 2024 combining for a total value over $46,160,000, we expect the strong demand to continue in the sales campaign of BP Jindalee.”The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article

The property is offered for sale via ‘Expressions of Interest” closing Thursday 6thMarch 2025 at 3:00pm (AWST) and launched to market this week.Previous ArticleNext Article


Raj Malhotra

About the Author: Raj Malhotra

Raj dissects consumer movement, strip mall evolution, and experiential retail. A passionate street food critic, he blends satellite tracking with cultural cues to forecast retail hotspots.