59 Grand Boulevard Joondalup WA 6027

Raine and Horne Commercial are pleased to present 59 Grand Blvd, Joondalup to the market for sale. An exceptionally rare opportunity to secure a commercial premises, plus residential townhouse, 50 metres from the Joondalup Health Campus (JHC) and in the heart of surrounding medical precinct.

59 Grand Blvd provided buyers with considerable short and long term options:

- Holding income from day one or the ability to secure with vacant possession
- A commercial premises with existing consulting rooms
- Significant long term redevelopment potential supported by flexible zoning

Consisting of a single level commercial / medical building with an additional two-level residential townhouse to the rear of the site, providing an approximate total building area of 446sqm. The property sits on a land holding of 1,035sqm and boasts three street frontages to Grand Blvd, Regents Park Rd and the rear ROW, thus providing not only a strategic land parcel but also an incredible redevelopment opportunity now or in future!

The property effectively backs onto the Joondalup Health Campus, which is currently undergoing a multi-million-dollar expansion, Stage 2 of the project is currently underway, with the State & Federal Governments pledging $459 million to the project.

The property is currently fully leased; however, the option exists for the commercial area to be provided with vacant possession.

Currently with a passing gross income of approximately $168,550 p.a., the property sits well as a genuine passive investment opportunity with the potential to redevelop at later a date.

• Green title land parcel
• Medical / Commercial premises + residential town house
• 3 street frontages
• Development upside
• Opportunity to occupy or continue as investment
• Adjacent to Joondalup Health Campus
• Incredible Access to Shenton Rd, Mitchell Fwy and Joondalup City Centre

The property is for sale by Offers to Purchase closing Thursday, 19th September 2024 at 11am WST.

For information contact the selling agents Terry Menage and Matthew Edwards at Raine and Horne Commercial.