Two premium convenience retail assets in New South Wales at 192-198 Pennant Hills Road and 53-59 Orange Grove Road sold, negotiated by Darren Beehag of Burgess Rawson.
Selling agent, Darren Beehag of Burgess Rawson, said these sales attracted significant interest from investors seeking high-quality, long-term income streams, reinforcing the strength of the convenience retail market.
“The investor appetite for convenience retail in NSW remains robust, with these sales reflecting the ongoing demand for properties offering long-term stability and secure income,’ Mr Beehag said. “Both assets attracted strong levels of enquiry, demonstrating that well-located, globally leased assets are highly sought after, particularly when backed by tenants with solid financial standing.’
The Thornleigh property, situated at 192-198 Pennant Hills Road, sold for $10.75 million via private treaty. This high-profile asset is underpinned by a 20-year net lease to ASX top 100-listed Ampol, offering long-term income security and strategic positioning near the M1 Pacific Motorway.
“The sale of the Thornleigh property demonstrates the confidence investors have in major tenants like Ampol,’ Mr Beehag explained. “Their strong market position and the property’s prime location made this a particularly attractive opportunity for long-term investors.’
The Liverpool property, located at 53-59 Orange Grove Road, achieved $7.375 million at auction. Leased to global fuel and convenience giant EG Group, the property’s strategic location on a major arterial road and proximity to key retail precincts made it a standout investment opportunity.
“Liverpool’s growth potential, driven by infrastructure projects such as the Western Sydney Aerotropolis, is evident in the investor interest we saw for this property,’ said Mr Beehag. “Investors recognise the long-term value in assets located in high-growth corridors, especially when secured by multinational tenants.’
Mr Beehag concluded, “These results reinforce the strength of convenience retail as an investment class, driven by secure income streams, low-maintenance lease structures, and properties in high demand locations. Investors continue to see value in these assets for their ability to deliver consistent returns, even amid market fluctuations.’
Commo