Commercial Mixed Tenancy - Secure Rental Return
Situated within the vibrant Swanbourne community shopping precinct , 119 Claremont Crescent has a rich history and thru time has demonstrated a resilience to accommodate changing community needs.
Originally established as 2 commercial units with an adjoining residence the property has remained primarily unchanged throughout its history and still provides strong contribution to the fabric of the local community.
The village shopping strip contains an ideal mixture of commercial tenancies from cafes , wine bars , award winning grocers and mixed retail shops
Ideally situated on the main traffic route from Perth To Fremantle the location provides a convenient location for passing traffic and local residence.
The Swanbourne station a mere 100 metres away and while obviously provided convenience for commuters it also allows the location to align with the State Planning objectives for Transit Oriented Development and future development opportunities.
The current mix of 3 separate tenancies provides an attractive and secure rental.
Future Development Within the Area
In line with the State Planning initiative to encourage of Transit Oriented Development the surrounding area has been the subject of much interest and discussion to increase residential density of development of the adjoining vacant railway reserve and the surrounding commercial buildings. The probable development of the surrounding lands will add to the economic viability and prosperity of the businesses within the village and be great benefit to the future property own.
Complete information memorandum and outline of the tenancy schedule available on request.
