CBRE Metropolitan & Western Australian Retail Investment Sales teams are excited to present 333 Rockingham Road Spearwood to market. The retail investment opportunity comprises a Vibe Service Station and Liquor Store with additional billboard signage income.
The property enjoys significant exposure to passing traffic being strategically positioned on Rockingham Road with an average passing traffic of over 16,000 vehicles per day and located only 200 meters south of the Spearwood Avenue intersection approximately 24 km south of the Perth CBD.
The property boasts a site area of 3,037sqm with over 58 metres of frontage to Rockingham Road with good access and egress providing a high level of convenience for customers.
333 Rockingham Road provides a diverse tenancy mix of three tenants, secured by long term lease and providing a current total net passing income of $263, 570 p.a. With fixed annual rental growth.
Investment Highlights incluse:
• 10 year lease to Vibe Petroleum, Aussie Liquor and Paramount Outdoor
• Guaranteed growth with fixed annual increases
• 3,037sqm* site with 58m* frontage to Rockingham Road
• Total building areas 821sqm*
• 27 Car bays
For further information on this opportunity, please contact the exclusive sales and marketing agents CBRE.