The 7-11 Petrol station site of Spence is a major destination and draw card of the local shops and the surrounding population. In ideal location with ample driveway access and triple roller doors, this opportunity represents exceptional value and ideal co-location with a known and strong brand, 7-11.
This property represents an exciting opportunity for a new operator to take advantage of the high volumes of vehicular traffic visiting the site every day.
The property has the following primary attributes:
The size of Spence is approximately 1.5 square kilometres. It has 11 parks covering nearly 17.3% of total area. The population of Spence in 2016 was 2585 people. By 2021 the population was 2587 showing a population growth of 0.1% in the area during that time. The predominant age group in Spence is 30-39 years. Households in Spence are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spence work in a professional occupation.In 2021, 78.00% of the homes in Spence were owner-occupied compared with 76.90% in 2016.
Spence has 1,041 properties. Over the last 5 years, Houses in Spence have seen a 33.08% increase in median value, while Units have seen a 28.90% increase. As at 31 March 2026:
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