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4 Progress Street
Morley WA 6062
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Sold on 6 Aug 2024

4 Progress Street Morley WA 6062

  • Shop & Retail
  • 393 m²
  • Sold

Outstanding Retail Leased Investment

    + 4 Retail tenants across 5 strata lots
    + Approximately $178,014pa net rent
    + Between Galleria Shopping Centre and Coventry Village Markets
    + Future redevelopment potential

    Features
    + Morley City Centre
    + Zoned Centre Central Core Precinct
    + Highly sought after Food and Beverage Precinct
    + Adjacent to Galleria Shopping Centre
    + Opposite Coventry Village Markets
    + 697sqm Land holding

    Tenancy Details

    Lots 1 & 2: 146sqm
    Phong Dinh Vietnamese Cuisine
    Current Rent $68,236pa + Outgoings + GST
    Lease Expiry 30/6/2025
    CPI Rent reviews

    Lot 3: 73sqm
    Café Mullberries
    Current Rent $33,796pa + Outgoings + GST
    Lease Expiry 6/4/2025 + 5 Year Option
    CPI Rent Reviews

    Lot 4: 73sqm
    K.I Persian & Middle Eastern Grocery
    Current Rent $33,141pa + Outgoings + GST
    Lease Expiry 30/6/2025 + 5 Year Option
    CPI Rent reviews

    Lot 8: 101sqm
    Sakanaya Takumi Japanese Restaurant
    Current Rent $42,840pa + Outgoings + GST
    Lease Expiry 30/9/2028 + 5 Year Option
    CPI Rent reviews

    For further information please contact the Exclusive Selling Agent.

    Burgess Rawson
    Burgess Rawson
    Level 10 225 St. George's Terrace
    Perth, WA 6000

    Property Highlights

    Date Sold6 Aug 2024
    Floor Area393 m²
    Land Area697 m²
    ParkingAsk Agent
    Property ID2019230482
    Category
    Last updated  1 Oct 2024
    Map for 4 Progress Street Morley WA 6062
    Burgess Rawson
    Burgess Rawson
    Level 10 225 St. George's Terrace
    Perth, WA 6000

    Property Highlights

    Date Sold6 Aug 2024
    Floor Area393 m²
    Land Area697 m²
    ParkingAsk Agent
    Property ID2019230482
    Category
    Last updated  1 Oct 2024

    Listed by

    More about 4 Progress Street Morley WA 6062

    4 Progress Street Morley WA 6062 is categorized as Shop & Retail Property. It has a floor area of 393 m² and a land area of 697 m². The listing ID for this property is 2019230482.

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