409-423 Caboolture River Road, Lilywood QLD 4513

Suburban masterplan lot | service station leasehold | 700-home catchment | Caboolture River Road frontage This property is not a house or unit but a commercial leasehold positioned at the entrance to a 23-hectare residential estate approved for up to 700 lots. For a buyer seeking a long-term income position tied to population growth, the service station and car wash configuration is the core advantage. The 300-square-metre retail box and four-bowser canopy are already under lease, with construction completed and occupation targeted for late 2024. That removes development risk and delivers an income stream before the broader estate is fully built out. The site’s frontage on Caboolture River Road and its role as the first commercial node for a new community gives it structural demand that is difficult to replicate. This property suits an investor looking for a passive, infrastructure-backed holding with a tenant already in place. The primary risk is single-tenant exposure tied to fuel retail margins and operator performance, which can compress over time. The lease terms and operator covenant should be reviewed closely, as should any rights around rent review mechanisms and make-good obligations. There is no bushfire or flood risk identified by council, which removes a common cost burden. The opportunity lies in the surrounding residential development: as lots sell and families move in, the car wash and convenience retail should see rising utilisation, supporting rental growth. Hold this property for the income stream and monitor lease events for re-gearing or expansion potential as the estate matures.