CBRE is pleased to offer to the market, OTR convenience retail at 17 Brisbane Street (corner Pier & Bulwar Street), Perth WA for sale via National Portfolio Auction 183.

The property has the following key investment highlights:

+ Seventeen (17) year lease from 2024 to 2041 plus options through to 2076.
+ Fixed, compounding 3.5% annual rent increases ensuring continued income growth.
+ Tenant pays ‘multiple holding’ land tax and management fees.
+ Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance, property management.
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy (ASX: VEA): Blue-chip ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally. (1)
+ OTR: leading independent convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR’s including Hungry Jack’s, GyG, Subway & Oporto. (2)
+ Recently constructed (2024), offering modern, state-of-the-art infrastructure and significant tax depreciation benefits – with the first $347,000 ie. 72.8% is potentially free of Income Tax.
+ Perfectly positioned on the Perth CBD doorstep (1km*), directly opposite HBF Park—a premier sports and entertainment precinct attracting 260,000+ annual visitors and home to the Western Force and Perth Glory.
+ Strategic corner location providing maximum exposure to over 82,000 passing vehicles weekly. (3)
+ City of Perth – WA’s Economic Heart: Home to 32,000 residents, 13,000 businesses, and 230,000 jobs, the City contributes a substantial $91.1B in GRP* while servicing a greater metropolitan population of 2.38 million. (4)
+ Net Income: $476,622 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 1 April 2026
Garden Room – Crown Casino, Melbourne

* Approx.
1 Viva Energy
2 OTR/Viva
3 GapMaps
4 .id