Sterling Property is pleased to exclusively present a rare inner-metro investment opportunity at 398 Hector Street, Yokine – a securely leased fuel site backed by a global covenant and offering long-term flexibility for the incoming owner.
Strategically positioned on a high-profile 2,177sqm corner site* just 6km* from the Perth CBD, this established Caltex (Chevron) service station provides secure income through to 2034 with no further lease options – affording future control and multiple exit strategies at expiry.
Key Investment Highlights:
• Leased to Chevron (Puma Energy (Australia) Retail Pty Ltd) until 28 February 2034, with no further options
• Net passing income of $363,684.55 p.a. + GST
• Annual CPI rent reviews (Perth) with ratchet clause at 2029 market review
• Fully net lease: All outgoings recoverable
• Dual street frontage to Hector and Flinders Streets in tightly held Yokine
• High-traffic location: ~21,785 vehicles per weekday on Flinders Street (Main Roads WA)
• Proven 24/7 trading history – in operation for several decades
• Chevron has waived its first right of refusal, providing immediate buyer flexibility
• Future upside: Potential for re-letting, redevelopment (STCA), or owner-occupation at lease expiry.
This is a generational landholding with both defensive income and strategic flexibility, backed by Chevron – one of the world’s largest publicly listed energy companies (NYSE: CVX, Market Cap: $300B+).
Asking Price:
$5,850,000
GST Treatment:
Offered as a Going Concern.
For access to the Information Memorandum, data room, or to arrange a private inspection, please contact the exclusive selling agent:
Jack Bradshaw
Senior Partner – Sterling Property
0439 095 336
jbradshaw@sterlingproperty.au
