11/334 Albany Highway

Victoria Park WA 6100

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 on 0413 134 311 for further information.