398 Hector Street, Yokine, WA 6060

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+).

Sale Process: 
For Sale by Set Date Sale closing 2:00pm (AWST), Wednesday 27 August 2025 
(Unless Sold Prior)

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
[email protected]