In a significant milestone for Australia’s fuel retail sector, the country’s first Sinopec-leased petrol station at 325A Nepean Highway, Frankston VIC has sold for $6,415,000, reflecting a sharp yield of 5.81%.
The 2,948 sqm* site was acquired by a Sydney-based investor following a competitive campaign that attracted five offers. The transaction was negotiated by George Davies, Raphael Favas, Oliver Hay, and Leon Ma of Cushman & Wakefield, who described the sale as a strong vote of confidence in the evolving fuel retail landscape.
“The purchaser has now acquired $18 million worth of petrol stations from our team in the past six months, underscoring sustained investor appetite for essential service assets,” said Mr Davies.
The Frankston property is leased to Sinopec, one of the world’s largest oil and gas companies, consistently ranked among the Fortune Global 500 top 10. This deal marks the beginning of Sinopec’s ambitious expansion strategy in Australia, with plans to roll out up to 400 petrol stations nationwide over the next three years.
With a 10-year WALE and a prime location on a major arterial road, the asset represents a secure, long-term investment in a sector undergoing transformation.
“The sale highlights growing confidence in international brands entering the Australian market and the resilience of fuel retail assets amid broader economic uncertainty” said Mr Favas.
Australia’s First Sinopec Petrol Station Sells for $6.415M in Landmark Deal
Jess Freeman • 05/12/2025
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
RECENT NEWS
Cushman & Wakefield strengthens leadership team with appointment of Ben McGrath as Managing Director, Brisbane
Cushman & Wakefield has appointed Ben McGrath as Managing Director, Queensland, strengthening its leadership team as the firm continues to invest in growth across one of Australia's strongest commercial real estate markets. Ben brings extensive leadership experience across commercial real estate, capital markets and investment management, and will lead the continued expansion of the firm's Queensland business and client offering.
Noral Wild • 23/07/2026
The Industrial Market Rebalances: Opportunity Emerges for Occupiers Who Plan Ahead
The Industrial Market Rebalances: Opportunity Emerges for Occupiers Who Plan Ahead. For much of the past five years, Australia's industrial and logistics occupiers have operated in a market defined by scarcity.
Morgan Evans • 21/07/2026
Modern Methods of Construction Industry Expansion Program
The NSW Government is inviting Expressions of Interest from experienced domestic and international Modern Methods of Construction operators to partner in the establishment or expansion of an Advanced Manufacturing Facility in New South Wales.
Ross Hamilton • 02/07/2026
