Colliers Western Australian Investment Services as exclusive selling agents are excited to present to market 868 South Western Highway, Byford comprising of a Vibe Service Station & Aussie Liquor store located in the rapidly developing and growing suburb of Byford.
The Opportunity
A unique opportunity for an investor looking to enter the service station market to acquire a high yielding leased asset within an up and coming hospitality and retail precinct in Byford. The property also has an attached liquor license.
Location
The property is situated on the corner of the southbound side of South Western Highway and Corbel Lane offering prominent street exposure to passing traffic and is surrounded by great local amenity. It offers an easy fill up point for vehicles travelling southbound towards Serpentine and afar.
Investment Highlights
Highly Exposed Location – placed on a highly exposed 979sqm corner site with approximately 22.5m frontage to South Western highway.
Blue Chip Tenant – leased to VIBE Petroleum with additional 2 x 5 year options
Secure Cash Flow – a net income of $144,780 per annum
Guaranteed Rental Growth – annual CPI rent reviews and market rent reviews at the beginning of each option term
High Growth Location – predicted 3.24% annual population growth over the next 8 years
Significant Street Exposure - over 15,000 passing vehicles each day
Site Details*
Building Area - 318sqm
Land Area – 979sqm
Fuel Pumps – 8
Method of Sale
The property is offered for sale by Offers Invited.
For further information or to arrange an inspection, please contact the selling agents
Remember to mention you found this property on CommercialReady
