Gorman Allard Shelton is pleased to offer for sale Caltex Epping, a well-established and premium convenience retail investment underpinned by a high-profile Chevron covenant, located in one of Melbourne's fastest growing suburbs. A generational land holding with outstanding underlying property fundamentals, 523 Cooper Street is for sale by Expressions of Interest closing Wednesday 5th July at 2pm.
Key features of the property include:
* Land rich Melbourne generational asset
Located 18 kilometres* north of Melbourne's CBD, the property is on the south side of Cooper Street and approximately 950 metres to the west of the Hume Freeway which has a full on/off ramp intersection.
Caltex Epping is the dominant service station in the area with low levels of competition from other nearby fuel stations and high demand from commercial vehicles in the prosperous industrial and commercial surrounding precinct.
The size of Epping is approximately 33.7 square kilometres. There are 107 parks, covering nearly 17.6% of the total area. The population of Epping in 2016 was 32395 people. By 2021 the population was 33489 showing a population growth of 3.4% in the area during that time. The predominant age group in Epping is 30-39 years. Households in Epping are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Epping work in a professional occupation.In 2021, 67.70% of the homes in Epping were owner-occupied compared with 68.70% in 2016.
Epping has 17,313 properties. Over the last 5 years, Houses in Epping have seen a 20.61% increase in median value, while Units have seen a 26.40% increase. As at 30 April 2026:
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