10 & 11, 334 Albany Highway,
Victoria Park, WA 6100
Medical & Consulting • Shops & Retail
Key property information
Floor area
Tenure type
Sold on
Map of 10 & 11, 334 Albany Highway
EXCEPTIONAL RETAIL/MEDICAL INVESTMENT
- Leased to National ASX-Listed Tenant
- Fixed 4% Annual Rental Increases
- Prime Victoria Park Retail Location
An exceptional opportunity to secure a quality commercial investment in Victoria Park's thriving retail precinct, approximately 5 kilometres from the Perth CBD. This offering comprises Lots 10 & 11, strategically positioned as part of a larger retail footprint at 334 Albany Highway, which is currently anchored by Chemist Warehouse, one of Australia’s most trusted and recognised pharmacy retailers.
While the property offered for sale represents the rear portion of this prominent retail tenancy, the Chemist Warehouse lease thoughtfully traverses both this property and another strata lot located at the front, which is under different ownership. This integrated lease arrangement provides a secure and aligned income stream.
Investment Highlights:
• Secure Lease to Nationally Recognised Tenant: Enjoy the stability of a lease to Chemist Warehouse, an ASX-listed tenant (trading under the Sigma Healthcare name), providing a strong covenant.
• Prime Strip Retail Position: Benefit from a high-exposure location in the heart of Victoria Park’s bustling commercial and retail strip.
• Defensive Yielding Asset: Underpinned by essential service income from a leading pharmacy group, offering a resilient investment.
• Strong Annual Increases: The lease includes 4% annual reviews, ensuring growth in your investment return.
• Current Net Income: Generates a net income of $128,337.84 per annum.
• Strata Area: 375m²
• NLA: 289m²
• Bank Guarantee: 3 months gross rent
Location Benefits:
Located in one of Perth's most sought-after suburban commercial hubs, the property benefits from exceptional visibility, consistent foot traffic, and close proximity to major public transport links. The vibrant Albany Highway precinct offers a dynamic mix of hospitality, retail, and services, making it a highly desirable commercial location.
This is a rare opportunity to acquire a premium strata investment, forming a vital part of the tenancy anchored by Australia's largest pharmacy group.
Please contact Alex Gismondi for further information.
While the property offered for sale represents the rear portion of this prominent retail tenancy, the Chemist Warehouse lease thoughtfully traverses both this property and another strata lot located at the front, which is under different ownership. This integrated lease arrangement provides a secure and aligned income stream.
Investment Highlights:
• Secure Lease to Nationally Recognised Tenant: Enjoy the stability of a lease to Chemist Warehouse, an ASX-listed tenant (trading under the Sigma Healthcare name), providing a strong covenant.
• Prime Strip Retail Position: Benefit from a high-exposure location in the heart of Victoria Park’s bustling commercial and retail strip.
• Defensive Yielding Asset: Underpinned by essential service income from a leading pharmacy group, offering a resilient investment.
• Strong Annual Increases: The lease includes 4% annual reviews, ensuring growth in your investment return.
• Current Net Income: Generates a net income of $128,337.84 per annum.
• Strata Area: 375m²
• NLA: 289m²
• Bank Guarantee: 3 months gross rent
Location Benefits:
Located in one of Perth's most sought-after suburban commercial hubs, the property benefits from exceptional visibility, consistent foot traffic, and close proximity to major public transport links. The vibrant Albany Highway precinct offers a dynamic mix of hospitality, retail, and services, making it a highly desirable commercial location.
This is a rare opportunity to acquire a premium strata investment, forming a vital part of the tenancy anchored by Australia's largest pharmacy group.
Please contact Alex Gismondi for further information.
Victoria Park, 6100 demographic data
The median household income for Victoria Park is $1,828, 2% lower than Greater Perth's household income of $1,865. Victoria Park has a younger age profile compared to the rest of Greater Perth (median age 35 vs 37). Property ownership data shows 54% of property owners in Victoria Park have a mortgage.
9,334
Population
$1,828 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
Transact Capital
Ground Floor, 1 Cambridge StreetWEST LEEDERVILLE, WA 6007
04131343...
10 & 11, 334 Albany Highway
Victoria Park, WA 6100
Transact CapitalGround Floor, 1 Cambridge Street
WEST LEEDERVILLE, WA 6007
WEST LEEDERVILLE, WA 6007
More properties from Transact Capital
Other properties you might be interested in based on the location and property type you are looking at.
