Prime Retail 6.7% Passing Yield - 5.17 year WALE

Corner site in the heart of Victoria Parks vibrant food retail precinct and opposite the Broken Hill Hotel and a range of cafes and restaurants.

With a healthy passing income and extended average lease expiry, the building also features vacant area, providing opportunity to increase the income and add value.

Anchored by high quality tenants, such as Crust Pizza, TAB and Red Basil Thai, the property provides a desirable balance between secure ongoing income and blue sky potential.

Featuring;
• $215,404.52pa (approx.) net passing income
• 5.17 year WALE (based on income)
• 595m2 of lettable, consisting of 407m2 of retail and 184m2 of office
• 554 m2 of land
• Corner position with heaps of exposure
• 15 m (approx.) frontage to Albany Highway and 35m (approx.) frontage to King George St
• Upstairs office vacant, well positioned for a conversion to residential
• Ongoing parking available directly behind in public carpark

For more information or to arrange an inspection please contact:

Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
E: stephen.harrison@raywhite.com

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
E: brett.wilkins@raywhite.com

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.