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 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
Ray White Commercial (WA)
M: 0478 611 168
E: [email protected]

* approximate
^ Source: MainRoads WA