Sterling Property is proud to present Shop 13, 885 Albany Highway, East Victoria Park – a premium hospitality investment opportunity, fully leased to one of Perth’s most recognised and enduring restaurants, Pancho’s Mexican Restaurant. Occupying a 295sqm* strata lot, the largest in the complex, the property is securely leased to Pancho’s on a new 5-year lease to 2030, with a further 5-year option extending total potential tenure to 2035.
This property boasts one of the most vibrant and immersive fit-outs in the Perth hospitality scene , a character-filled venue that blends neon lighting, rustic brickwork, custom murals, and themed décor to deliver an unforgettable dining experience.
Key Investment Highlights:
• Net Income: $100,800 per annum + GST
• Tenancy Area: 295sqm* – largest in the strata
• Secure Lease: New 5-year term to 2030 + 5-year option to 2035
• Longstanding Tenant: Pancho’s Mexican Restaurant – Operating in WA for over 43 years
• Fully fitted and licensed restaurant venue with high-spec interiors
• Prime position within bustling Albany Highway hospitality strip
• Ample customer parking in the complex and nearby
• Strategic inner-city location only 6km* from Perth CBD
Iconic and Unforgettable Fit-out:
The interior of Pancho’s is an experience in itself, colourful murals, custom brickwork, neon signage, and a vibrant collection of Mexican-themed décor, artwork and lighting. The venue’s lively layout includes a feature bar, themed dining areas, bold colour schemes, and atmospheric lighting all contributing to its reputation as one of Perth’s most memorable hospitality venues. Importantly, this highly distinctive fit-out plays a key role in the restaurant’s longevity and continued relevance. In a competitive dining environment, a venue that stands out offers strong customer recall, high repeat visitation and operational resilience. For investors, this contributes to the security of the lease providing confidence in the tenant’s long-term performance and commitment to the location.
Location (East Victoria Park):
Situated just 6km south-east of the Perth CBD, East Victoria Park is a bustling suburban commercial centre that services a large and growing residential population. The Albany Highway strip is renowned for its food and beverage offerings, nightlife and walkable streetscape.
885 Albany Highway is part of a well-established commercial complex home to a mix of food, office and service-based tenants, drawing consistent foot traffic and patronage throughout the day and into the evening.
Nearby amenity includes:
• Aqualife Centre, Victoria Park Train Station, and Balmoral Hotel
• Strong public transport connectivity and arterial road access
• Close proximity to Curtin University and Optus Stadium
• Surrounded by national retailers and local dining favourites
Asking Price: $1,600,000 (Going Concern)
Statutory Outgoings:
Council Rates: $12,619.94 (FY25/26)
Water Rates: $3,336.44 pa (FY24/25)
Strata Levies: $17,850 (FY24/25)
Land Tax: $409.90 (FY25/26)
(Payable by the tenant under the Retail Tenancies Act)
For further details or to arrange an inspection, please contact the Exclusive Selling Agents Denise Chong or Brian Neo.
