Cushman & Wakefield in conjunction with JLL present for the first time in over two decades, 7-Eleven Royal Melbourne located at 39-45 Flemington Road North Melbourne for sale. 

"39-45 Flemington Road, North Melbourne, presents a timely opportunity in a stable interest rate environment, amidst heightened demand for co-living, Build-to-Rent, and residential accommodation.

Positioned within a world-class life science and health precinct, coupled with proximity to Melbourne University, the property offers a secure income stream from its esteemed tenant, the globally recognized 7-Eleven brand. Its strategic location appeals to diverse end users seeking to leverage its advantages, making it an ideal addition to any development

Furthermore, being one of the few petrol stations near the Melbourne CBD, it presents an attractive proposition for retail investors aiming to capitalize on the city's dynamic landscape, with increasing car volumes month by month." Commented, Oliver Hay, International Director & Co-Head Investment Sales.

This exceptional opportunity, leased until June 2026 boasts rare intersection exposure and significant development potential ideally located opposite the Royal Melbourne Hospital in  Australia’s leading education and innovation hub which has undergone $2.8 billion in investment over the past decade.

Located a mere 650m* from Melbourne CBD, 7-Eleven Royal Melbourne is the closest service station to the city and enjoys unrivalled connectivity via tram routes along Flemington Road, and just 200m* from the new Parkville Train station, currently under construction. 

Key details of the property include: 

• Unprecedented city-fringe landholding on the major corner of Flemington Road and Wreckyn Street, and surrounded by Australia’s leading medical, education and technology institutions 
• Unrivalled 1,003 sqm* landholding with 62.5m* of combined street frontage
• No further terms beyond 2026, providing near-term development and occupier upside
• Flexible mixed-use zoning suiting a range of development outcomes including residential, BTR, student accommodation, office and healthcare uses (STCA) 
• Current passing income of $405,000 p.a.* providing secure holding income
• NET Lease to 7-Eleven Stores Pty Ltd – recently announced to have been acquired by the Global parent company, Seven and I Holdings Co. Ltd
• Highly strategic positioning within the Melbourne Biomedical Precinct – one of the world's largest and leading biomedical hubs home to 72,960 employees set to increase by over 10% by 2036 
• Proven location for successful development, and complemented by adjacency to The Royal Melbourne & Royal Women’s Hospitals with a proposed $6bn in expansion
• A boost to future public transport accessibility, with the property strategically located just 200m* from the upcoming Parkville train station, providing unrivalled connectivity to the CBD and surrounding suburbs. *Approximately STCA: Subject to Council Approval 

7-Eleven Royal Melbourne is For Sale by International Expressions of Interest Closing Friday 8 March 2024 at 12pm (AEDT) 

To receive further information or to arrange an inspection please contact the exclusive sale agents via the below contact details. 

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