OFF MARKET

342 Albany Highway
Orana WA 6330

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3220m2
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Property Details for 342 Albany Hwy, Orana

Building Type
Commercial
Land Size
3220m2
Local Government
Albany
Lot/Plan
81/P405899

Last Listing description (December 2022)

+ Secure 15-year lease to Viva Energy to 2034 plus options to 2054 with fixed 3% reviews p.a
+ Brand new 10-year lease to Zambrero with attractive CPI reviews p.a
+ Viva Energy Group Limited (ASX: VEA), a blue-chip $4.09 billion ASX-listed company and Shell's Australian licensee with over 1,300 retail fuel sites across Australia**

+ Zambrero, one of Australia's largest Mexican fast food franchises with over 230 restaurants globally***
+ Landlord-favourable net lease terms with the tenant paying all rates, building and public liability insurances, and single holding Land Tax
+ As new site, offering significant depreciation benefits
+ Prime 3,220 sqm* gateway site with 115 metres* of frontage to a major 6 way roundabout including South Coast and Albany Highways servicing over 36,000 vehicles per day****
+ Coles Supermarket, BCF, Tool Kit Depot, McDonald's, IGA Supermarket and Bunnings Warehouse all within 1.5km*
+ City of Albany: the City of Albany supports over 17,000 jobs and generates a Gross Regional Product (GRP) of $2.29 billion*****
+ City of Albany: By 2030, population forecast to grow by 32% to 50,000******
+ Estimated net rent: $417,918 pa* (as of 1 January 2023)

To be sold by Expressions of Interest (EOI) closing 4pm Wednesday 9 November
To be sold individually or in-one-line with 13 other freehold convenience retail investments also available

Contact Burgess Rawson sales team for more details

For Asian Investment services, please contact Zomart He on 0488 220 830 or zhe@burgessrawson.com.au

**Viva Energy Australia
***Zambrero
****GapMaps
*****Economy.id
******Albany Advertiser

*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents

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Property History for 342 Albany Hwy, Orana, WA 6330

A timeline of how this property has performed in the market
Last Sold
$6,150,000
18 Nov 2019
  • 07 Oct 2022
    Listed for Sale Price on Request
  • 17 Dec 2019
    Listed for Sale Contact Agent
  • 18 Nov 2019
    Sold for $6,150,000
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About Orana 6330

The size of Orana is approximately 2.4 square kilometres. It has 4 parks covering nearly 6.6% of total area. The population of Orana in 2011 was 2,009 people. By 2016 the population was 2,075 showing a population growth of 3.3% in the area during that time. The predominant age group in Orana is 0-9 years. Households in Orana are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orana work in a labourer occupation. In 2011, 57.8% of the homes in Orana were owner-occupied compared with 60.9% in 2016.

Orana has 1,016 properties. Over the last 5 years, Houses in Orana have seen a 83.18% increase in median value, while Units have seen a 18.33% increase. As at 31 October 2024:

  • The median value for Houses in Orana is $471,607 while the median value for Units is $308,478.
  • Houses have a median rent of $490.
There are currently 7 properties listed for sale, and 1 property listed for rent in Orana on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Orana.

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