3 Exhibition Drive Malaga WA 6090

THE PROPERTY:
Knight Frank is pleased to offer 3 Exhibition Drive, Malaga for Sale. This property consists of 2 tenancies, one being leased to a Quick Service Restaurant (Pita Pit) and a vacant Showroom/Office which was previously tenanted by a Retail Bank. The Net Lettable Area in total is 652.2 sqm.

THE LOCATION:
The property is located just off Alexander Drive within the Malaga Commercial and Industrial Estate, with frontages to both Exhibition Drive and Bonner Drive. Beach Road intersects with Alexander Drive, approximately 100 metres from the subject property. Alexander Drive is a major arterial road and a direct connection to the Perth CBD (approx. 11 kms south), and Reid Highway (approx. 2.5 kms south), which connects to the Mitchell Freeway (west) and Tonkin Highway (east) road networks. Neighbours being the Malaga Markets and a new potential Industrial Development off 10 Bonner Drive.

Key Features:
- Partially Leased Investment Property. Ideal for Owner Operator.
- Vacant Showroom used to be an Ex Banking Cambers with the - Full Fit Out
- Ample car parking lots
- Strategic Location

Unit 1 Pita Pit (Net Lettable Area of 221.3 m2)
Lease Term from Feb 2017 Feb 2027
Net Rent - $37,800 p.a.

Unit 2- Vacant (Net Lettable Area of 430.9 m2)
Guaranteed Rental Return offered by the owner.
3 years commencing from Settlement of Property.
Net Rent - $77,000 p.a.