Freestanding 8,735sqm* Pub/Liquor Investment
1120-1124 Albany Highway , Bentley WA
Property Highlights
Description
Commanding 8,735sqm* corner freehold site with huge underlying land value, just 7.5km* from the Perth CBD.
Secure 10-year lease to 2029 plus two further 10 year options to 2049.
Top tier tenant: a joint venture between Coles Group, Australia’s second largest retailer, and Australian Venue Co (AVC), one of the fastest growing hoteliers, with interests in over 190 venues and 933 liquor stores combined.
Strategic location in Bentley, a booming residential suburb with a population forecast to grow 87% by 2041.
The Albany Highway is an important arterial road servicing an average of 33,550 vehicles per day.
950m* from the $1 billion Bentley 360 Project, one of Western Australia’s largest urban infill developments, with a 10–15 year plan to develop 1,500 new dwellings.
Bunnings, Mercedes Benz, ALDI, McDonald’s, Bentley Plaza Shopping Centre, Bentley Hospital and Welshpool Train Station all within 1km.
The property includes the Bentley Hotel and Large Format Coles Group Liquor store, First Choice Liquor Market.
Projected net rent: $408,494 pa (based on December CPI).
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 30 March 2022
Crown Casino, Melbourne.
Property Details