Presenting a unique commercial investment and future development opportunity (STCA) on the highly sought-after corner of Charles and Carr Streets in West Perth. This property spans a generous 1,462 sqm of green-title land, making it an exceptional find for investors and developers looking for a solid, income-generating asset with space and development potential. With annual CPI rent adjustments, it currently returns $207,500 + Outgoings + GST per annum from the two secure tenancies, with the current leases expiring in late 2028 (with options for a further term).
Key Features:
- Two established and fitted commercial tenancies are currently in place, offering immediate rental income. Both tenants are long-term with fixed leases until late 2028, plus options for a further term.
- High-exposure location on a prominent corner, ideal for businesses looking to attract significant foot and vehicle traffic
- Large land area provides future development potential or expansion options
- 13 dedicated car bays
- PLOT RATIO 1.0 MEDIUM DENSITY (Height restriction 3 levels)
- Zoning: Mixed use R80 (STCA)
Situated in the thriving West Perth precinct, with easy access to key transport links and the CBD. This is an unparalleled opportunity to secure a leased investment in a strategic location with ongoing income and potential for future growth.
Don't miss out on this premium commercial asset!
Features and Rates (Estimated):
- Internal: 712sqm | Land: 1462sqm
- Council: $11,102.25pa | Water: $2,670pa
- PLOT RATIO 1.0 MEDIUM DENSITY (Height restriction 3 levels)
- Zoning: Mixed use R80 (STCA)
- GST is not applicable as the property is being sold as a 'Going Concern'
- Two established commercial tenancies currently in place, offering immediate rental income
- High-exposure location on a prominent corner, ideal for businesses looking to attract significant foot and vehicle traffic
- Large land area provides future development potential or expansion options
- 13 dedicated car bays
- Council: City of Vincent
Walking distance to fantastic amenities and attractions, including (approximately):
- 200m to Kwinana South Freeway on ramp
- 350m to West End Deli Cafe
- 400m to the nearest bus stop
- 700m to Old Habits Neighbourhood bar
- 900m to the nearest Petrol Station
- 1.0km to Northbridge Cultural precinct
- 1.1km to Graham Farmer East Freeway on ramp
- 1.4km to IGA Leederville
- 1.8km to Mitchell Freeway North
- 2.1km to Perth CBD centre
- 2.3km to City West Train Station
Contact Exclusive Selling Agent Brendon Habak on 0423 200 400 to arrange your inspection.
Disclaimer: The Seller reserves the right to sell prior to 11/11/2024 and without notice. Buyers are required to rely on their research and complete due diligence before purchasing. All rates, sizes and distances are estimated and subject to change at all times without notice.
