Raine & Horne Commercial are pleased to offer an exciting opportunity to secure a solid investment fronting High Road with long standing tenants and future development potential.
Long standing tenants currently include Good Samaritans, Alinea Inc., Perth Radiological Clinic & Davlon Hair Studio.
The property has a total land area of 3,794sqm with 50m frontage making it one of larger sites along this bustling High Road precinct.
The current improvements total 2,097sqm and benefit greatly from the exposure/frontage and drive through access to the rear road Roxby Lane.
The current rental income is circa $330,000pa + Outgoings + GST plus one vacant unit which has recently hit the market with an asking rent of $26,180pa + Outgoings + GST
Total passing potential net income estimate is $356,000p.a.
The High Road precinct enjoys excellent traffic exposure plus strong consumer catchment evidenced by other tenants including Bunnings, Lighting International, Solomons Flooring, Goodyear Tyres, Dankz Furninture & IGA.
The property is being offered for sale via Offer to Purchase, closing 8th March 2023 @ 5PM AWST, with all offers $4 Mill and above considered
For a copy of the Information Memorandum and Due Diligence Information, please contact the exclusive selling agents Anthony Vulinovich and Jack Divitini at Raine & Horne Commercial WA.
