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Private Property Trust No.16
Margate

291 Oxley Avenue, Margate QLD

Leased To

Trust

Private Property Trust No.16

Price

$4,400,000

Property Profile

The site is located in the east of the Redcliffe Peninsula approximately 26 kilometres north-northeast of Brisbane. It is within the Moreton Bay Region. The Moreton Bay area average annual growth rate in 2016 was 2.8 per cent, compared with 1.9 per cent in Queensland as a whole. Moreton Bay Region is expected to experience a 50% increase over the next 25 years.

The vendor of the land and the developer is Liberty Oil Property Pty Ltd, which will also be the tenant.  The development agreement will be guaranteed by the main holding company, Liberty Oil Holdings Pty Ltd.

Liberty has concentrated on supplying wholesale fuel to independent retailers and distributors, more recently also retailing fuel itself. Today, Liberty distributes hundreds of millions of litres of fuel a year, making them one of a few independent fuel wholesalers operating right across Australia. 

The service station site is to be constructed on a 2023 square metre corner block with three (3) street frontages – Oxley Avenue, Ewan Street and Boyce Street.  Oxley Avenue runs the length of the Redcliffe peninsula and connects Woody Point, to Scarborough via Margate and Redcliffe.  In this location, Oxley Avenue is a dual carriageway road with a traffic volume of 13,234 cars per day.

The Liberty service station will include a convenience shop of approximately 319 square metres, positioned near the main street frontage of Oxley Avenue. The canopy area will contain six fuel bowsers with twelve filling stations in “starter gate” configuration. The expected completion date is on or about 1 December 2019.

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