168-170 Walter Road West, BEDFORD, WA, 6052

This is a property investment with a new 12 Year Lease -from Vibe Fuel on offer. (The business is not for sale)

It is situated ona prominent Inner-City corner location

An opportunity exists to acquire a new fuel station as an investment in the middle of Bedford on a new 12-year lease.

The fuel station is strategically located on the corner of Walter Road West and Coode Street in Bedford just 900m* from Morley Galleria.

The service station is situated on a 2,528sqm corner site and will be tenanted to VIBE Petroleum who recently constructed the station in 2021.

Highlights:

• New 2021 construction

• $360,000pa Net Income

• 12-year lease and 4 x 5 years options commencing at settlement

• CPI + 0.5% annual rent increases

• Market rent review (upwards only) at the start of each option

• Frontage to Walter Road West and Coode Street with approximately 23,800 passing vehicles a day^

Vibe Petroleum is the largest independent fuel retailer in Western Australia, established in 2014, with 50 petrol stations.

The business is not for sale just the property with a strong rental income.

For further information or to arrange an inspection please contact the Agent:

Brett Wilkins

Ray White Commercial (WA)

M: 0478 611 168

E: brett.wilkins@raywhite.com

* approximate

^ Source: MainRoads WA

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