Chevron fuel stations sold for $12m
In recent months, two Chevron Australia fuel stations were sold to investors for a total of $12 million.
RP Data shows Dayton 8 Pty Ltd has purchased a Caltex service station from Lord Street (WA) at 151 Isoodon Street in Dayton for $5.74 million.
Australian Securities and Investments Commission documents show the Dayton 8 is owned by Doubleview’s Daniel and Maria Gonzalez.
Mr. Gonzalez appears to be an executive at the real estate company Realty Lane.
ASIC also lists Urban WA Real Estate director Stan Horsman and Hatfield Group managing director James Gallucio as directors and shareholders of Lord Street (WA).
Colliers manager investment services Aidan Austen and state head WA Richard Cash brokered the deal.
Additionally, the duo brokered the sale of Hungry Jack’s, Chicken Treat and Stride Early Learning & Childcare in Dayton for a total of $11.41 million.
These transactions follow the $6.36 million sale of Bentley’s Caltex to Indonesian investors.
An entity controlled by MJA Studio executives Jimmy Thompson and Wes Barrett recently sold the 1/1163 Albany Highway asset to Lotus Padma Pty Ltd.
Lotus Padma is owned by William Guo, as well as Maureen and Andrew Krisnadharma, who were born in Indonesia but live in Victoria.
Sterling Property senior partner Jack Bradshaw and managing director Brian Neo brokered the deal.
“Fuel investments leased to Chevron Australia are rarely made available to the open market,” Mr Bradshaw said.
“The new facility and strategic location led to significant competition throughout the campaign.”
Colliers’ Mr Austen said the Dayton sales reflected high demand for day-to-day assets on secure lease deals in Perth’s expanding metropolitan corridors.
“Private investors and passive equity groups remain highly active in the QSR, fuel and childcare sectors, with buyers attracted to the security, simplicity and long-term rental growth these assets provide,” he said.
Chevron Australia operates the Caltex brand.
