376 Victoria Road

Strategic Northern Corridor Asset: Rare Fully-Leased Investment with Dual-Covenant Tenants

Premium Industrial Investment Opportunity Perth Northern Corridor

• Strategic location: 2.04ha site with dual street frontage in Perth's premier digital infrastructure precinct
• Secure income stream: Fully leased with 4.67-year* WALE
• Value enhancement: Substantial capital investment program completed, delivering immediate returns and future growth opportunity
• Market fundamentals: Northern precinct maintains ~2.6% vacancy rate, demonstrating sustained demand and constrained supply

This premium industrial asset represents an exceptional leased investment opportunity, strategically located within Perth's Northern corridor, which has established itself as Western Australia's preeminent digital infrastructure precinct.

The property is situated on a substantial 2.04-hectare site featuring dual street frontage and includes 11,203 sqm of buildings, with considerable upgrades and refurbishment program recently completed.

Fully leased with a 4.67-year WALE, this investment is underpinned by two strong tenant covenants with staggered expiry profiles, favourable rental review mechanisms, and supplementary income generated through electricity profits.

This investment opportunity enables investors to acquire core real estate within a tightly held and established precinct, delivering immediate returns with substantial growth potential through proactive asset management.

Investment Highlights:

• Fully leased: Immersive Technologies and NOTOS Steel Fabrication
• Strong income fundermentals: $1,402,061 net passing rent with additional solar income*
• Long-term security: 4.67-year* WALE with structured rent reviews (NOTOS: CPI+1.50% & Immersive: lesser of CPI or 3.50%)
• Substantial land holding: 2.04 hectares site with dual street frontage
• Infrastructure in place: Landlord owned solar array, providing supplementary income

A 100% freehold interest is being offered for sale via an Expressions of Interest Campaign closing at 4:00 PM (AWST) Wednesday 8th July 2026.