A newly built petrol station in Albany could be the sixth service station sold in sixth months within Western Australia after it was put on the market for sale.

Located at 342 Albany Highway - approximately three kilometres from the Albany town centre – the petrol station is anchored by a 15-year lease to Viva Energy, with four five-year options available. 

The property, which is underpinned by a 3,200 square metre landholding, includes an additional 1,017 square metre tenancy suited to a food outlet. 

At a glance: 

• Shell Orana service station in Albany, Western Australia is for sale via expression of interest.
• CBRE’s Richard Cash, Anthony Del Borrello and Joseph Du Rieu have been appointed to market the property.
• The property, which is underpinned by a 3,200 square metre landholding, includes an additional 1,017 square metre tenancy suited to a food outlet. 

CBRE’s Richard Cash, Anthony Del Borrello and Joseph Du Rieu have been appointed to market the property for sale via Expressions of Interest closing June 27. 

Mr Cash said the recent transactions in the state highlighted the demand which exists for service stations.  

“Petrol stations continued to be a sought-after asset class due to the typically long lease term and secure covenant,” he said,

“Over the past five months, five petrol stations have transacted in WA with an average yield of 6.17 per cent.” 

Among recent petrol station transactions was Coles Express Vasse for $2.715 million – reflecting a record yield for 6.22% for a regional petrol station.

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