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Retail

335 Albany Highway Victoria Park, WA 6100

Sold for $3,060,000 on 7 Jun 2022
  • Building: 595m²
  • Land: 554m²
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Retail in Victoria Park

Prime Retail 6.7% Passing Yield - 5.17 year WALE

  • Building: 595m²
  • Land: 554m²

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

Building:

595m²

Land:

554m² / 0.14 acres

Tenancy:

Vacant

Categories:

Retail, Offices, Land/Development

335 Albany Highway, Victoria Park, WA 6100