A large, well-tenanted, commercial property in Victoria Park just minutes from the Perth CBD is for sale through Knight Frank.

The 4082 square metre property is located at 117 Shepperton Road directly behind the Woolworths-anchored Victoria Park Central Shopping Centre, the Albany Highway retail precinct and the Town of Victoria Park’s council office.

It is currently leased to Centrelink, which has occupied the building since its construction in 1989. 

At a glance:

• A 4082 square metre property at 117 Shepperton Road, Victoria Park, to be sold by Knight Frank
• The building currently returns a net income of approximately $735,000 per annum
• Asset is a single level, 2352 square metre structure and features 98 onsite car bays

Knight Frank senior director Tony Delich said the property was leased to Centrelink until May 2021 with two short, further options.

He said the entire building was re-roofed this year and comprehensively upgraded in 2014, so it could continue to be leased in the long term or potentially redeveloped.

“This is a very large landholding just minutes from the city, the river and the Crown entertainment complex and it has exceptional access to public transport,” Delich said.

“Victoria Park is a rapidly transforming, near city location for commercial, residential and retail development and this property would appeal to a broad cross-section of investors and developers and possibly even owner-occupiers.”

Knight Frank’s Rick McIntosh-Whyte said the office building on the property was a single level, 2352 square metre structure with a 3.5-star NABERS energy rating.

He said it currently returned a net income of approximately $735,000 per annum and featured 98 onsite car bays.

The property at 117 Shepperton Road is for sale by Offers to Purchase closing on November 27, 2019. 

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