302 Great Eastern HighwayAscot WA 6104
Property Details for 302 Great Eastern Hwy, Ascot
Last Listing description (April 2026)
RWC WA & Colliers under instructions from Beck Advisory are pleased to present 302 Great Eastern Highway, Ascot to the market for sale via Expressions of Interest closing Wednesday 25 March 2026 at 4pm AWST (unless sold prior).
302 Great Eastern Highway, Ascot presents a compelling opportunity for occupiers and/or developers to acquire a 4,998m² green-titled landholding prominently positioned on the corner of Great Eastern Highway and Lyall Street, Ascot.
Located on one of Perth's key arterial routes, the site offers exceptional exposure, strong passing traffic and direct connectivity to the Perth CBD, eastern suburbs, and Perth Airport.
The property also benefits from close proximity to major road networks including Tonkin, Roe, Leach and Reid Highways which provides excellent accessibility to the south and north area of the Perth metropolitan region. In addition to this the site is located just 1.7km west of the Redcliffe Train Station and benefits from additional public transport services along Great Eastern Highway. The site is set amongst a mix of residential apartments and homes and is surrounded by nearby commercial, industrial, fast food and hotel operators such as Sydney Tools, McDonalds, Quest Hotel, Snap Fitness and many more making it a highly attractive location for a range of uses.
Improvements to the property comprise an approximate 175m²* office, a 240m²* shed/workshop with a 50m²* lean to canopy, an older style 75m²* office and a small 50m²* older style workshop. To the rear is a large sealed, fenced and drained hardstand area.
The property is zoned 'Mixed Use' under the City of Belmont's TPS No. 15 and forms part of the Great Eastern Highway Urban Corridor Strategy allowing diverse commercial and residential uses.
Currently the site is operating under a non-conforming vehicle hire use which can be continued by the current or future owner of the site.
The property is currently has 3 separate leases over the site providing a reasonable amount of holding income, these include:
• AB Group (Avis Car Rental (Budget)) - 3,333m² leased until 8 December 2027 at a rental of $177,193.83 per annum net, subject to annual CPI increases, with a further five-year option subject to a market rent review.
• Telstra - 17m² leased until 31 March 2030 at a rental of $31,451.65 per annum gross, subject to annual increases to the greater of 3% or CPI, with two further terms of five year options.
• Busby Investments - 1,638m² (hardstand only) leased until 30 June 2030 at a rental of $74,160 per annum net, subject to annual CPI increase capped at 3%, with a further five-year option subject to a market rent review. A copy of the lease can be provided upon request.
With a total net income of $282,805.48 per annum and redevelopment clauses included in AB Group and Telstra's lease the property provides opportunities for investing, occupying or developing.
For more information or to arrange an inspection please contact:
Brett Wilkins
0478 611 168
RWC WA
brett.wilkins@raywhite.com
Chris Matthews
0413 359 315
RWC WA
chris.matthews@raywhite.com
Richard Cash
0412 006 949
Richard.cash@colliers.com
Colliers
Sam Hammond
0413 664 247
Sam.hammond@colliers.com
Colliers
*Approx
Property History for 302 Great Eastern Hwy, Ascot, WA 6104
- 02 Apr 2026Sold for $5,850,000
- 13 Feb 2026Listed for Sale UNDER OFFER
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About Ascot 6104
The size of Ascot is approximately 3.6 square kilometres. There are 12 parks, covering nearly 44.2% of the total area. The population of Ascot in 2016 was 2572 people. By 2021 the population was 3095 showing a population growth of 20.3% in the area during that time. The predominant age group in Ascot is 50-59 years. Households in Ascot are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ascot work in a professional occupation.In 2021, 66.90% of the homes in Ascot were owner-occupied compared with 70.00% in 2016.
Ascot has 1,801 properties. Over the last 5 years, Houses in Ascot have seen a 92.41% increase in median value, while Units have seen a 99.84% increase. As at 31 May 2026:
- The median value for Houses in Ascot is $1,198,053 while the median value for Units is $712,627.
- Houses have a median rent of $830 while Units have a median rent of $750.
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