2 Racecourse RoadCasterton VIC 3311
Property Details for 2 Racecourse Rd, Casterton
Last Listing description (May 2026)
Modern fuel facility positioned on a prime highway corner in regional Victoria, securely leased to Metro Petroleum - one of Australia's largest independent fuel operators. With new fuel infrastructure, minimal landlord obligations, and strong long-term growth potential, this is a resilient sub-$4 million investment.
Key Property Features
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• 10-year lease + options to 2064 - secure corporate tenant (Metro Petroleum)
• 100% outs recovered inc land tax
• 32,000 vehicles per week exposed to the site on Glenelg Highway
• Recent upgrades - refurbished store, new tanks & canopy
• Repairs & Maintenance to tenant - above & below ground
Contact Agents
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Stephen Kidd - Director, Retail Sales - 0413 550 474 - stephen.kidd@raywhite.com
Elliot Kidd - Director, Retail Sales & Leasing - 0407 696 738 - elliot.kidd@raywhite.com
Key Search words
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investment property VIC, regional fuel site, petrol station for sale, highway exposure, passive income property, long lease commercial, drive thru potential, redevelopment opportunity, Glenelg Shire property, sub $4 million investment
Property History for 2 Racecourse Rd, Casterton, VIC 3311
- 29 May 2026Listed for Sale $3.1 million (7% net) offers encouraged
- 29 May 2026Sold for $2,675,000
- 03 Oct 2025Listed for Sale $3.1 million (7% net) offers encouraged
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0About Casterton 3311
The size of Casterton is approximately 226.9 square kilometres. There are 9 parks, covering nearly 2.6% of the total area. The population of Casterton in 2016 was 1668 people. By 2021 the population was 1673 showing a population growth of 0.3% in the area during that time. The predominant age group in Casterton is 60-69 years. Households in Casterton are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Casterton work in a labourer occupation.In 2021, 78.80% of the homes in Casterton were owner-occupied compared with 77.00% in 2016.
Casterton has 1,250 properties. Over the last 5 years, Houses in Casterton have seen a 67.18% increase in median value, while Units have seen a -26.87% decrease. As at 31 May 2026:
- The median value for Houses in Casterton is $333,452 while the median value for Units is $381,488.
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