168-170 Walter Road West, Bedford WA 6052
$6m | 12 year lease | inner-city location
Retail
View
Quality sound investment
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 commenced 1 July 2023
• 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 details or to arrange an inspection please contact the Agent:
Brett Wilkins
0478 611 168
[email protected]
* approximate
^ Source: MainRoads WA
Property features
-
Land area
2,528m2
-
Floor area
230m2
-
Tenure type
Tenanted investment
Property snapshot by reiwa.com
This commercial property at 168-170 Walter Road West, Bedford is listed for sale by Brett Wilkins at Ray White Commercial (WA).
It has been described by the agent as ‘Quality sound investment’.
If you would like to get in touch with Brett Wilkins regarding 168-170 Walter Road West, Bedford, please call 0478 611 168 or contact the agent via email.
