SOLD
Sold on 29 Jul 2024 for $2,000,000

892 Albany Highway
East Victoria Park WA 6101

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 230m2
Land area: 531m2
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Property Details for 892 Albany Hwy, East Victoria Park

Building Type
Commercial
Year Built
1952
Floor Size
230m2
Land Size
531m2
Local Government
Victoria Park
Lot/Plan
433/P002072

Last Listing description (September 2018)

A true turnkey opportunity. Nothing to set up, established location, ALL licenses in place, Commercial equipment, all fixtures and fittings, published phone number, email and website domain. How long and how much would it cost you to open a similar restaurant? How long would it take you to get established? Suppliers in place etc. How much time do you have? How much will it cost you? They have done the hard work. It's here, all done for you...........
It's a Reputable traditional Malaysian Indian Restaurant located in the heart of Victoria Park serving food in a modern and stylish dinner setting is available for a 45% acquisition. This business originally established by the current owner of the business and has expanded to accommodate up to 120 customers. Although other Asian restaurants have come and gone over the last several years, this Award Winning Restaurant established within the area still operates without any decrease in sales.
Most of the customers are high-income Caucasian individuals from the corporate sector that are near this business as well as the heavily populated retail presence within this suburb that brings immense traffic to the area. Sales average is $65.000 Plus a month and has been consistent throughout the last 3 years without any proactive marketing done.

Their menu consists of a large selection in appetizers, salads, soups, rice dishes, noodle dishes, chicken entrees, seafood entrees, beef entrees, and an assortment of desserts. As a very well-known Malaysian Indian Restaurant that is operating and winning Awards for Food and Service, a potential buyer into this partnership can proactively market this business as well as be fully committed is all its business needs to generate much more cash flow.
If you are looking for an existing well established Asian restaurant with an excellent reputation and awesome forward group bookings, this is your opportunity to purchase a Restaurant and reap the benefits this business is experiencing.
Serious buyers only If you are interested in this property, please use the 'enquire' form on this webpage.

SELLERS HAVE REQUESTED THAT NO DIRECT CONTACT BE MADE TO THE BUSINESS OR PROPERTY.
A Confidentiality Agreement and Buyer Profile indicating proof of ability to purchase will be required prior to inspection of financials Profit and Loss etc.
Call Eddy Boehm 0412 176 596
Asia-Pacific Residents can get information on this property from
Elizabeth Ng
Enebcorp Pty Ltd (Aust)
Suite 33-01, 33rd Floor
Menara Keck Seng
55100 Kuala Lumpur
MALAYSIA
Phone: +603 2116 5913
Email: info@enebcorp.net
www.enebcorp.net
Investors in Sabah and Sarawak
Enquiries regarding Investing in a Property/Business/ Business Visas and doing business in Australia
Mr Peter Pang (Director
Agensi Pekerjaan Arenamas Sdn Bhd
ADDRESS : TB 493, 2nd Floor, Lot 3, Block Q,
Bandar Sabindo, P. O. Box No. 248,
91007 Tawau, Sabah.
OFFICE TEL : 089-755 266
OFFICE FAX: 089- 755 267 / 268
OFFICE HP NO : 016-8481025
EMAIL : arenamas@hotmail.com
Buyers in China.
Enquiries regarding Investing in a Property/Business/Business Visas and doing business in Australia
Contact :John Han
Chongqing Changyi Going Abroad Consulting Services Co Ltd
Phone: 86 23 63630166
Fax: 86 23 63630188
Email address :john.han@luckyvisa.com
Website: www.luckyvisa.com
Business address: Suite 8-9, Weilai Guoji Building,
6 Jianbei Yizhi Road
Guanyinqiao
Jiangbei District 400020
China
Investors in South Africa and Zimbabwe Enquiries regarding investing in a Property/ Business/Business Visas and doing business in Australia
Network Migration South Africa
Contact:Andrew Kerr
Executive Director
IAA Licensed
MARA Registered
MIA Number: 3420
MARA Number: 1069227
http://www.networkmigration.co.za/
Tel: 011 463 7060
Investors in The USA Enquiries regarding investing in a Property/Business/Business Visas and doing business in Australia Please contact:
Naomi Seddon (Sheridan)
Littler Mendelson
Los Angeles. 2049 Century Park East. 5th Floor
Los Angeles, CA 90067
USA
main: (310) 553-0308. direct: (310) 712-7312
fax: (310) 553-5583
nseddon@littler.com

Investors in India Enquiries regarding investing in a Property/Business/Business Visas and doing business in Australia
Contact:Pritpal Singh Gill
CEO Certified ISANA Member
AUSSIE Specialist Agent
PIER Certified BSCIC
ADDRESS
SCF-75, Phase 10
S e c a ' 6 4 | M o h a l i a ' 1 6 0 0 6 2P u n j a b (I N D I A)
www.seabirdeducation.com
mailto:gill@seabirdeducation.com
Investors in Sri Lanka Enquiries regarding investing in a Properrty/Business/Business Visas and doing business in Australia
Contact:Hirosh Hemantha Gamage
Sri Lanka
Australian Migration Services
No 17,
18th Lane,
Colombo 03.
Telephone:+94 11 5500100
Fax+94 11 2573250
http://www.multinational.com.au/
hirosh@multinational.com.au
Investors in Malaysia, Singapore and Indonesia
Enquiries regarding investing in a Property/Business/ Business Visas and doing business in Australia
Contact Michael Yong Chee Seng
Australian Registered Migration Agent based in Malaysia.
WWW.kitson.com.my
Email: Michael@kitson.com.my
Tel: +603-2713 8333
[MARN 0964203]

Non Residents and International Visitors/Investors
Enquiries regarding investing in a Property and doing business in Australia
Peter Loughton
AUSTRALIAN MIGRATION & CITIZENSHIP SERVICES
Temporary and Permanent Residence, Work Permits, Australian Citizenship, all Visas and Business Services.
T: (08) 9421 1066
F: (08) 9221 9819
E: info@amcservices.com.au
A: Ground Floor 12 St Georges Terrace, Perth WA 6000
P: PO Box 3200 East Perth WA 6892
Note - images are provided for display purposes only and may not accurately reflect the business advertised for sale.

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Property History for 892 Albany Hwy, East Victoria Park, WA 6101

A timeline of how this property has performed in the market
Last Sold
$2,000,000
29 Jul 2024
  • 29 Jul 2024
    Sold for $2,000,000
  • 03 Sep 2018
    Listed for Sale From $269,000

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About East Victoria Park 6101

The size of East Victoria Park is approximately 3.9 square kilometres. It has 19 parks covering nearly 8.1% of total area. The population of East Victoria Park in 2011 was 9,031 people. By 2016 the population was 10,076 showing a population growth of 11.6% in the area during that time. The predominant age group in East Victoria Park is 20-29 years. Households in East Victoria Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Victoria Park work in a professional occupation. In 2011, 53.9% of the homes in East Victoria Park were owner-occupied compared with 55.4% in 2016.

East Victoria Park has 5,947 properties. Over the last 5 years, Houses in East Victoria Park have seen a 74.86% increase in median value, while Units have seen a 85.27% increase. As at 31 January 2025:

  • The median value for Houses in East Victoria Park is $970,672 while the median value for Units is $599,875.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 33 properties listed for sale, and 7 properties listed for rent in East victoria park on OnTheHouse. According to CoreLogic's data, 278 properties were sold in the past 12 months in East victoria park.

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