168-170 Walter Rd 2,476 SF Retail Building BEDFORD, WA 6052 $4,304,520 ($1,738.71/SF) 6% Cap Rate

168-170 Walter Road West presents a rare opportunity to acquire a newly constructed fuel station investment in a high-profile inner-city location. The property occupies a 2,528-square-meter corner site at the intersection of Walter Road West and Coode Street, approximately 900 meters from Morley Galleria, and benefits from exposure to approximately 23,800 passing vehicles per day.
Constructed in 2021, the property is leased to Vibe Petroleum, Western Australia’s largest independent fuel retailer, under a new 12-year lease commencing 1 July 2023, with four additional five-year options. The lease provides a net income of $360,000 per annum, with annual increases of CPI plus 0.5% and market rent reviews (upwards only) at the commencement of each option period.
This investment offers a secure income stream backed by a strong tenant covenant in a strategic location within Perth’s inner northern corridor.