Peregrine to Sell Premium Investment Opportunity in Prestons: Brand-New High-Exposure Property with Secure Long-Term Income

A flagship fuel and fast-food investment in the heart of Western Sydney’s booming industrial corridor has been listed for sale, as Burgess Rawson’s Raoul Holderhead, Jamie Perlinger, and Yosh Mendis bring the high-profile Viva Energy and El Jannah site in Prestons to market.

Located at 1-5 Yato Road, Peregrine is selling the premium asset which spans 8,541 square metres and benefits from an 18-year lease head lease to ASX-listed Viva Energy, providing long-term income for investors.

With a net income of $2,008,034, this property is supported by the strength of its tenants and the prime location in the heart of Sydney’s logistics corridor. Rental increases are fixed at 3.5 per cent annually.

The lease is structured as a triple net lease, ensuring that the tenants are responsible for the majority of property-related expenses, providing a stable income for the owner. The tenant pays all outgoings plus Multiple Holding Land Tax and management.

Completed in 2024, the property is a brand-new build, positioned on a highly visible corner site, further enhancing its appeal to investors looking for modern, low-maintenance assets with high future growth potential.

The quality of the asset, lease terms and tenant mean the site is expected to appeal to a wide range of investors and is expected to sell on a yield of sub 5.5 per cent. Burgess Rawson’s Raoul Holderhead recently brokered a portfolio of OTR convenience retail stores in South Australia netting $24.65 million for the Peregrine Group.

This property sits at the intersection of the M5, M7, and the Hume Highway, one of Australia’s busiest freight and commuter corridors, with over 160,000 vehicles passing daily. Such a prime location ensures seamless access to major distribution hubs, solidifying its role as a pivotal node in Australia’s transport and logistics network.

Mr Holderhead said the site’s substantial landholding in the heart of Western Sydney’s industrial growth corridor underpins significant underlying land value, offering strong long-term capital growth potential.

Mr Holderhead said the combination of fuel services, convenience retail, and fast food offerings have proven successful in capturing consistent consumer demand. El Jannah, renowned for its iconic cuisine, has also experienced rapid growth, expanding across Sydney and other states, providing long-term stability to the site’s income stream. The combination of these high-profile tenants ensures a strong investment with both national and local brand recognition.

“The surrounding area is experiencing significant growth, with developments like the Western Sydney International Airport (WSI) and the Aerotropolis poised to transform the region’s economic landscape. Once operational, WSI is projected to contribute approximately $5 billion annually to Australia’s economy, further enhancing the site’s strategic value.

“Situated in a high-traffic area, these services cater to a diverse consumer base, from daily commuters to local residents, ensuring a consistent flow of customers. The presence of well-established brands provides long-term income potential in an area with limited competition.”

Michael Dodd, CFO of Peregrine said “OTR Prestons is an exceptional asset in a tightly-held high- profile location. It provides convenience store, quick service restaurant and heavy vehicle offers of the highest standard, underpinned by an attractive lease with high quality tenants.”

With its strategic location, high-traffic exposure, and diverse service offerings, the Viva Energy & El Jannah site presents a unique investment opportunity. As the region continues to develop, the property is well-positioned to provide both immediate returns and long-term capital appreciation.

This property is for sale via an Expressions of Interest campaign closing May 21, and is part of the prestigious Burgess Rawson SELECT portfolio.