2 Viridian Drive, Banksia Grove WA 6031

High Growth Retail Asset | Future Rental Upside

NAI Harcourts Metro, as the exclusive selling Agents, are pleased to present 2 Viridian Drive, Banksia Grove for sale.

Situated on a substantial corner allotment in the heart of Banksia Grove, this well-established retail complex offers a diversified income profile supported by long-term tenants and strong underlying rental growth potential.

The property comprises approximately 344.41*m² of lettable area with excellent exposure, ample customer parking and convenient access from Viridian Drive.
Convenience Store - Approx. 188*m² - $30,000 + Outgoings + GST
Chinese Takeaway - 64.1*m² - $18,000 + Outgoings + GST
Barber Shop - 47.31*m² - $18,000 + Outgoings + GST
Australia Post Parcel Lockers / Shed - 45 m² *- $14,160 + Outgoings + GST
Net Income: $80,160 + Outgoings + GST per annum

The Australia Post lease expires on 31 July 2026, providing the incoming owner with an opportunity to secure a new tenant, occupy the space themselves or reposition the tenancy to maximise rental returns.

The convenience store lease provides for a 5% rental increase in December 2027 and expires on 30 November 2028. The current rental level is considered below market, presenting potential for a significant increase upon renewal or reletting.

The Chinese takeaway lease includes fixed annual rental growth and a further five-year option extending through to October 2032.

Property Highlights
• Three secure retail income streams with future rental upside
• Future value-add opportunity upon expiry of the Australia Post lease
• Green title property - no strata fees
• 344.41m² total lettable area
• 1,160m² land area
• 18* on-site customer car bays including accessible parking
• Prominent corner location with excellent exposure
• Established convenience-based retail centre
• Strong surrounding residential catchment

Banksia Grove continues to experience strong population growth and demand for neighbourhood retail services, making this an attractive investment opportunity in one of Perth's established northern growth corridors.

For further information or to arrange an inspection, please call Dylan Croll on 0401 835 454 or Tony Romano on 0407 388 139

*All figures are approximate