Colliers launches premium investment opportunity in Davoren Park with long-term lease and future development upside.
Under instructions from the agents of the mortgagee, Colliers is pleased to bring to market BP X Convenience — a newly rebranded, high-profile service station investment prominently positioned at 80 Petherton Road, Davoren Park. This premium-grade, single-tenant asset represents a rare opportunity to secure a stable investment backed by a globally recognised leader in the energy sector.
Strategically positioned within Adelaide’s rapidly expanding northern growth corridor, the 4,930sqm* corner site benefits from exceptional exposure and accessibility. It is securely leased to BP following its acquisition of X Convenience in early 2025, with a 15-year lease in place to 2037 and further options extending to 2057.
Jordan Schmidt, Colliers Head of Office Capital Markets & Investment Services, South Australia, said, “This is a high-quality, income-producing asset backed by a globally recognised tenant. The property also offers future development potential (STNC) and is exempt from stamp duty in South Australia, further enhancing its investment credentials.”
“We expect strong interest from private investors, syndicates and institutional buyers alike, particularly those seeking long-term income security with the added benefit of strategic land value in a high-growth corridor.”
The site is located in the heart of Playford Alive, a $1 billion residential renewal initiative led by local and state government. The broader Playford Urban Growth Corridor is forecast to deliver 38,000 new homes and accommodate up to 149,000 residents by 2041, reinforcing the long-term demand drivers for essential services and retail amenity in the area.
Rhys Newman, Associate Director, Investment Services at Colliers South Australia, commented, “Davoren Park is undergoing a transformation, with major infrastructure and residential developments reshaping the region. The proximity to the new Drakes Eyre, the revitalisation of the former Holden site into a high-tech manufacturing hub, and the $160 million Boeing Defence facility all contribute to the area’s growing appeal. This asset is perfectly positioned to benefit from the ongoing evolution of Adelaide’s north.”
80 Petherton Road, Davoren Park is being offered for sale via National Expressions of Interest, closing Thursday 10 July 2025 at 3pm (ACST).
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