Located at Unit 5/902 Albany Highway, East Victoria Park, the 600sqm tenancy is part of a bustling high street strip, offering exceptional exposure and accessibility in a family-oriented and rapidly growing suburb. The 492sqm site is currently leased to a solid anchor tenant operating a childcare head office, a recession-proof tenant category with strong long-term fundamentals.
Mr Harrison said the property’s appeal stemmed from its secure tenancy profile, premium location, and investment-grade fundamentals.
"This property, located in the heart of East Victoria Park’s buzzing café and retail precinct, stood out thanks to its secure lease, national operator tenant, and high visibility."
Sold off market to a private investor, the asset offered a rare opportunity to secure a blue-chip investment in a tightly held precinct.
The vendor, a local property agency, was pleased with the strong result amid a buoyant market for securely-leased investments.
“The Perth metro market continues to see strong demand for well-leased, essential service properties,” Mr Harrison said.
