Property Portfolio

Overview

Convenience Retail’s portfolio comprises 109 service station sites predominantly located on the Eastern Seaboard states of Australia. The portfolio is a combination of proven operating locations and brand new sites and has a weighted average lease expiry of 10.2 years. The total value of the portfolio is $822 million, reflecting a weighted average capitalisation rate of 5.90%.

Key portfolio metrics

As at 31 December 2022

 Number of properties

 109

 Total value

 $822m

 Occupancy (by income)

 99.4%

 Weighted Average Capitalisation Rate (WACR)

 5.90%

 Weighted Average Lease Expiry (WALE) (by income)

 10.2 years

 Average annual rent increase*

 3.1%

 Major tenants

Chevron, 7-Eleven, EG Australia, Viva Energy Australia, Coles Express, United, Ampol

* Assumes long-term average CPI of 3.0%.

DXC's property portfolio is available to download here or please scroll down to view.

Portfolio summary

Property

State

Major Tenant

Site Type

Book Value ($m)

Weighted Average Cap Rate

WALE (By Income)

Occupancy (By Income)

Land Area sqm

397 Pacific Highway, Belmont North

NSW

EG Australia

Metropolitan

$ 8.6

4.8%

9.2

100.0%

2,953

22-36 Parkes Road, Forbes

NSW

Ampol

Regional

$ 9.1

6.3%

7.4

100.0%

19,800

176 Otho Street, Inverell

NSW

Coles Express

Regional

$ 5.9

6.3%

7.6

100.0%

2,132

511 Pacific Highway, Kempsey South Service Centre

NSW

Chevron

Highway

$ 27.8

5.5%

11.9

100.0%

49,530

Cnr Northcote Street & Main Road, Kurri Kurri

NSW

Chevron

Highway

$ 11.6

5.8%

11.9

100.0%

41,650

Cnr Vardys Road & Turbo Road, Marayong

NSW

EG Australia

Metropolitan

$ 9.8

4.8%

7.4

100.0%

4,874

3 Blueberry Road, Moree

NSW

Chevron

Highway

$ 13.2

6.3%

10.3

100.0%

30,500

172 New England Highway, Rutherford

NSW

Chevron

Metropolitan

$ 7.5

5.5%

11.9

100.0%

2,609

Cnr Weakleys & Glenwood Drives, Thornton

NSW

Chevron

Metropolitan

$ 11.3

5.8%

10.6

100.0%

8,550

449 Victoria Street, Wetherill Park

NSW

Chevron

Metropolitan

$ 11.0

5.3%

12.6

100.0%

7,024

235 Cobra Street, Dubbo

NSW

Mobil

Regional

$ 8.8

5.8%

11.4

100.0%

4,429

1180 Beaudesert Road, Acacia Ridge

QLD

Viva Energy

Metropolitan

$ 12.5

5.8%

5.8

100.0%

6,098

35-39 Arnold Street, Aeroglen

QLD

Chevron

Metropolitan

$ 4.3

6.8%

10.9

100.0%

3,224

49 Tolga Road, Atherton

QLD

Chevron

Metropolitan

$ 2.1

7.3%

11.9

100.0%

1,619

130-132 Edwards Street, Ayr

QLD

Coles Express

Regional

$ 5.5

6.5%

6.5

100.0%

2,015

100/22 Nicholson Street, Banana

QLD

Chevron

Regional

$ 4.0

7.5%

12.7

100.0%

10,100

28 Supply Road, Bentley Park

QLD

Chevron

Metropolitan

$ 7.1

6.3%

9.9

100.0%

3,251

198 Wayne Goss Drive, Berrinba

QLD

United

Metropolitan

$ 9.1

5.8%

11.6

100.0%

3,639

164-170 David Low Way, Bli Bli

QLD

Chevron

Metropolitan

$ 5.1

5.5%

10.6

100.0%

3,500

900 Ingham Road, Bohle

QLD

Chevron

Metropolitan

$ 7.2

7.0%

10.9

100.0%

7,733

19038 Bruce Highway, Bowen

QLD

Chevron

Regional

$ 4.8

6.3%

11.9

100.0%

10,806

11 Sovereign Avenue, Bray Park

QLD

7-Eleven

Metropolitan

$ 5.2

5.8%

6.6

100.0%

1,967

264 Browns Plains Road, Browns Plains

QLD

7-Eleven

Metropolitan

$ 7.0

5.8%

7.3

100.0%

2,776

44-46 Cessna Drive, Caboolture

QLD

Chevron

Metropolitan

$ 8.0

5.8%

8.8

100.0%

4,947

79-89 Mulgrave Road, Cairns

QLD

Viva Energy

Metropolitan

$ 7.2

6.5%

7.8

88.5%

2,833

2948 Old Cleveland Road, Capalaba

QLD

EG Australia

Metropolitan

$ 6.6

5.3%

8.8

100.0%

3,369

71 Thompson Street, Charters Towers

QLD

Chevron

Regional

$ 6.7

8.0%

11.9

100.0%

28,800

60 Hawkins Crescent, Citiswich Service Centre

QLD

Chevron

Highway

$ 23.5

5.8%

11.9

100.0%

18,190

Cnr Edith Street and Bruce Highway, Cluden

QLD

Chevron

Highway

$ 17.0

6.0%

11.6

100.0%

15,010

209 Old Gympie Road, Dakabin

QLD

7-Eleven

Metropolitan

$ 5.7

6.0%

8.7

100.0%

3,324

12-14 Rosemary Street, Durack

QLD

7-Eleven

Metropolitan

$ 7.4

6.0%

6.7

100.0%

5,929

25 Bolam Street, Garbutt

QLD

Chevron

Metropolitan

$ 3.0

6.8%

11.9

100.0%

5,100

73-77 Railway Street, Gatton

QLD

Coles Express

Regional

$ 5.6

6.8%

3.2

100.0%

1,727

2 Mulgrave Street, Gin Gin

QLD

Chevron

Regional

$ 4.7

7.0%

9.2

100.0%

18,080

840 Steve Irwin Way, Glasshouse Mountains

QLD

Chevron

Regional

$ 5.8

7.0%

11.6

100.0%

5,133

105-115 Cairns Road, Gordonvale

QLD

United

Highway

$ 17.9

6.0%

8.3

100.0%

9,150

1 Pub Lane, Greenbank

QLD

7-Eleven

Metropolitan

$ 6.7

5.5%

9.3

100.0%

2,927

185 Brays Road, Griffin

QLD

7-Eleven

Metropolitan

$ 17.0

5.8%

8.2

100.0%

6,737

100 East-West Arterial Road, Hendra

QLD

Ampol

Metropolitan

$ 12.2

5.5%

10.0

92.9%

5,929

1 Cawdor Road, Highfields

QLD

7-Eleven

Regional

$ 6.3

5.8%

10.3

100.0%

6,657

324-326 Logan River Road, Holmview

QLD

7-Eleven

Metropolitan

$ 12.3

5.5%

8.4

100.0%

3,785

1-3 Juers Street, Kingston

QLD

7-Eleven

Metropolitan

$ 10.4

6.0%

5.9

100.0%

3,205

161 Thozet Road, Koongal

QLD

Chevron

Metropolitan

$ 2.5

6.8%

10.9

100.0%

736

708 Gympie Road, Lawnton

QLD

Viva Energy

Metropolitan

$ 6.8

5.8%

14.1

100.0%

5,553

Cnr Anzac Avenue & Josey Road, Mango Hill

QLD

EG Australia

Metropolitan

$ 6.5

5.8%

8.7

100.0%

4,317

51-55 Aerodrome Road, Maroochydore

QLD

7-Eleven

Metropolitan

$ 8.3

5.8%

8.2

100.0%

2,360

72 Walker Street, Maryborough

QLD

Chevron

Metropolitan

$ 2.5

7.5%

12.6

100.0%

1,618

21 Ingham Road, Midtown

QLD

Chevron

Metropolitan

$ 6.5

6.3%

12.6

100.0%

2,705

550-560 Samford Road, Mitchelton

QLD

EG Australia

Metropolitan

$ 6.4

5.5%

8.8

100.0%

3,188

1 Flinders Street, Monto

QLD

Chevron

Regional

$ 1.4

7.5%

10.9

100.0%

1,604

1029 Ipswich Road, Moorooka

QLD

Viva Energy

Metropolitan

$ 12.0

5.8%

8.5

100.0%

3,078

1129 Moranbah Access Road, Moranbah

QLD

Chevron

Regional

$ 7.4

6.5%

9.9

100.0%

5,067

420-426 Mt Cotton Road, Mt Cotton

QLD

EG Australia

Metropolitan

$ 7.2

5.5%

8.8

100.0%

4,021

53793 Bruce Highway, Mt Larcom

QLD

Chevron

Highway

$ 9.2

6.0%

10.7

100.0%

12,482

1233 Wynnum Road, Murarrie

QLD

EG Australia

Metropolitan

$ 6.5

5.3%

8.6

100.0%

3,625

921 Nambour Connection Road, Nambour

QLD

Chevron

Metropolitan

$ 1.7

7.0%

11.6

100.0%

2,097

43 Stapylton Street, North Lakes

QLD

7-Eleven

Metropolitan

$ 10.7

5.5%

8.8

100.0%

4,000

17-25 Toombul Road, Northgate

QLD

EG Australia

Metropolitan

$ 6.8

5.3%

8.8

100.0%

2,969

102-104 Cook Street, Portsmith

QLD

Chevron

Metropolitan

$ 6.9

6.8%

12.0

100.0%

6,032

1977 Anzac Avenue, Puma Mango Hill

QLD

Chevron

Metropolitan

$ 5.4

5.8%

11.6

100.0%

4,366

127 Kingston Road, Puma Woodridge

QLD

Chevron

Metropolitan

$ 6.5

5.8%

10.6

100.0%

5,000

63 Raceview Street, Raceview

QLD

7-Eleven

Metropolitan

$ 8.8

6.0%

7.3

86.4%

3,085

353 Redbank Plains Road, Redbank Plains

QLD

7-Eleven

Metropolitan

$ 7.7

5.8%

13.9

100.0%

4,231

437 Yaamba Road, Rockhampton

QLD

BP

Regional

$ 6.4

6.8%

4.3

100.0%

1,102

77-79 Bowen Street, Rosslea

QLD

Chevron

Metropolitan

$ 3.3

6.3%

9.9

100.0%

2,474

45 Range Road, Sarina

QLD

Chevron

Regional

$ 2.2

7.5%

11.9

100.0%

1,679

124-130 Paradise Road, Slacks Creek

QLD

EG Australia

Metropolitan

$ 5.9

5.5%

8.8

100.0%

2,799

983 Waterworks Road, The Gap

QLD

Chevron

Metropolitan

$ 4.1

6.3%

10.6

100.0%

2,294

5/1 Brygon Creek Drive, Upper Coomera

QLD

7-Eleven

Metropolitan

$ 7.0

5.8%

7.5

100.0%

3,247

108 Compton Road, Woodridge

QLD

7-Eleven

Metropolitan

$ 6.6

6.3%

6.9

100.0%

1,609

74 Connor Street, Zilzie

QLD

Chevron

Regional

$ 1.8

7.3%

9.9

100.0%

1,300

219 Westphalen Drive, Warrego

QLD

Ampol

Highway

$ 15.6

5.5%

9.6

92.6%

6,317

3201 Old Cleveland Road, Chandler

QLD

Chevron

Metropolitan

$ 11.7

5.8%

10.0

100.0%

5,730

187 South Pine Rd, Brendale

QLD

BP

Metropolitan

$ 9.2

5.5%

11.0

100.0%

4,121

4249 and 4288 Bruce Highway, Glass House Mountains

QLD

Viva Energy

Highway

$ 22.0

6.0%

5.0

99.0%

87,660

225 Womma Road, Edinburgh

SA

Viva Energy

Metropolitan

$ 6.4

5.5%

12.4

100.0%

9,371

702 Main Road, Gepps Cross

SA

Mobil

Metropolitan

$ 5.7

5.8%

12.3

100.0%

3,850

591 Grand Junction Road, Gepps Cross Grand Junction

SA

OTR

Metropolitan

$ 7.5

5.5%

18.6

100.0%

2,557

303 Glen Osmond Road, Glenunga

SA

OTR

Metropolitan

$ 6.5

5.3%

18.4

100.0%

1,646

323 North East Road, Hampstead Gardens

SA

Mobil

Metropolitan

$ 5.3

5.5%

12.3

100.0%

1,972

473 North East Road, Hillcrest

SA

Mobil

Metropolitan

$ 9.2

5.3%

13.7

100.0%

4,113

1 Mildred Street, Kapunda

SA

OTR

Regional

$ 5.8

6.3%

18.4

100.0%

1,413

52 Aldershot Road, Lonsdale

SA

Mobil

Metropolitan

$ 5.2

5.8%

13.3

100.0%

2,400

193-195 Jubilee Highway East, Mt Gambier

SA

United

Regional

$ 6.9

6.3%

13.2

100.0%

7,008

61-65 Old Princes Highway, Murray Bridge Eastside

SA

OTR

Regional

$ 4.0

6.5%

18.4

100.0%

3,618

1 Deviation Road, Naracoorte

SA

OTR

Regional

$ 8.2

6.3%

18.4

100.0%

9,846

690-694 Lower North East Road, Paradise

SA

Mobil

Metropolitan

$ 6.7

5.5%

13.4

100.0%

2,835

226-228 Bridge Road, Pooraka

SA

Viva Energy

Metropolitan

$ 6.3

5.5%

12.0

100.0%

1,977

337 St Vincent Street East, Port Adelaide

SA

Viva Energy

Metropolitan

$ 6.2

5.5%

11.9

100.0%

3,851

11-19 Clare Street, Port Adelaide, Grand Junction

SA

Viva Energy

Metropolitan

$ 6.4

5.5%

12.7

100.0%

2,891

14 Commercial Road, Shiedow Park

SA

Mobil

Metropolitan

$ 7.9

5.5%

11.4

100.0%

2,196

457-459 Victoria Road, Taperoo

SA

Viva Energy

Metropolitan

$ 6.1

5.5%

12.6

100.0%

2,077

89 Military Road, West Beach

SA

OTR

Metropolitan

$ 5.0

5.3%

18.4

100.0%

1,936

591 Dorset Road, Bayswater North

VIC

EG Australia

Metropolitan

$ 6.4

4.8%

8.9

100.0%

4,286

Cnr Thompson Road & Victoria Street, Geelong North

VIC

EG Australia

Metropolitan

$ 5.5

5.0%

8.8

100.0%

3,441

1182 Chapman Road, 440 Roadhouse

WA

Chevron

Regional

$ 5.5

8.0%

11.6

100.0%

11,372

229 Balcatta Road, Balcatta

WA

Chevron

Metropolitan

$ 7.2

6.3%

9.6

100.0%

2,500

49 Great Eastern Highway, Bellevue

WA

Viva Energy

Metropolitan

$ 6.4

6.8%

10.7

100.0%

2,064

Cnr Amherst & Nicholsons Road, Canningvale

WA

EG Australia

Metropolitan

$ 7.7

5.8%

9.2

100.0%

2,912

2341 Albany Highway, Gosnells

WA

Viva Energy

Metropolitan

$ 4.9

6.3%

12.3

100.0%

1,757

1 Wishart Street, Gwelup

WA

Chevron

Metropolitan

$ 4.6

6.3%

10.6

100.0%

1,089

224 Clontarf Road, Hamilton Hill

WA

Chevron

Metropolitan

$ 5.8

6.3%

11.6

100.0%

1,998

342 Albany Highway, Orana

WA

Viva Energy

Regional

$ 6.6

6.8%

10.6

100.0%

3,220

752 North Lake Road, South Lake

WA

EG Australia

Metropolitan

$ 8.1

6.0%

9.1

100.0%

4,287

485 Balfour Street, Southern River

WA

7-Eleven

Metropolitan

$ 5.9

6.3%

9.7

100.0%

1,993

1 Kakadu Road, Yanchep

WA

Chevron

Metropolitan

$ 7.0

6.5%

12.8

100.0%

3,068

 

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