Australia’s fastest growing independent petrol company United Petroleum has moved into one of Brisbane’s thriving northern industrial precincts.
The company has leased a warehouse-office facility at 7/300 Cullen Avenue, Eagle Farm, in a deal negotiated by Dan Costello from Ray White Industrial Milton.
United Petroleum, which has moved from Murarrie to Eagle Farm, has secured a three-year lease with an option of an additional three years for net rental of $51,360 per annum plus GST.
United Petroleum is a highly regarded within the elite service station business, rising above companies such as Caltex, BP, Mobil and Shell to achieve CANSTAR’s “Most satisfied customers – Service Stations” and “Best priced petrol” award since 2011.
Dan Costello says the negotiations were a swift process considering the small period of time that Ray White Industrial Milton was handling the negotiations.
“The property had been on the market for lease for a period of six months before our agency was appointed exclusive agents,” he said.
“On first inspection it did not make sense that the property had received minimal enquiry with only a couple of inspections at the time.”
“The campaign selected was simple and straightforward, as the 321-sqm-warehouse unit with an additional high-market, two-story office facility could basically sell itself with the right marketing.
“With eight inspections in total, the negotiations were completed approximately one month after Ray White Industrial took over.”