Location:

386 , Scarborough Beach Road, Osborne Park, WA

Price:

$725,000 (Going Concern)

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Unique Leased Investment Opportunity - First Time Offered to Market

Type: FOR SALE

Property Features
  • Category : Showrooms/Bulky Goods
  • Land Area:385 Square Metres
  • Building Area: 276

Property Description
LJ Hooker Commercial Perth as Exclusive Agents are pleased to present For Sale, Unit 14, 386 Scarborough Beach Road, Osborne Park. A rare opportunity to purchase a leased commercial investment property, leased to Doyle's Fancy Costumes, on a brand new lease. Doyle's have occupied the property since the Osborne Trading Centre was built in 1986 and have been established in Perth since 1930.

The property is perfectly positioned on Scarborough Beach Road near Howe Street in a prominent Osborne Park location. The complex enjoys an abundant parking available for customers & staff, is well serviced by public transport routes and is located 15 minutes from the Perth CBD.

Key Features:

- Brand new 3 + 3 year lease

- Net income commencing at $43,068 per annum + GST

- 276sqm* showroom / warehouse

- 90sqm* exclusive rear yard

- Bonus mezzanine storage area

- Kitchenette, shower and WC facilities

- Great business exposure

- Close proximity to freeways and major arterial roads

- Reverse cycle air conditioning system

Total Strata Area:

385sqm*

Lease Particulars:

Lessee: Kilby Holdings Pty Ltd

Lease Expiry: 13th January 2022 plus 3 year option

Current Income: $43,068* per annum

Rent Reviews: Annual CPI increases and Market Review at Option

Outgoings: All payable by the Lessee

Legal Description

Lot 13 on Strata Plan 28195 Certificate of Title Volume 2035 Folio 547.

Statutory Outgoings 2018/2019:

Strata Levies: $863.98 per quarter

Reserve Levies: $699.54 per quarter

Council Rates: $3,296.57 per annum

Water Rates: $1,751.16 per annum

Goods and Services Tax

The Sellers are registered for GST and the property will be sold as a 'Going Concern'.

Asking Price

$725,000 (Going Concern)

For further information please contact the Exclusive Selling Agents.

*Approx
Property Agent

Advert Id:68698

Name:Jack Bradshaw

Phone: 08 922****

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