169 Broadway Nedlands WA 6009

For further details contact Michael Milne of CB Richard Ellis on 08 9320 0040 or 0403 466 603 for further details or inspection arrangements.

169 Broadway (corner The Avenue), Nedlands, WA comprises 536sqm plus 20 car parking bays occupying a prime lead corner opposite Steve's Fine Food and Wine.

The property is securely leased to an ASX listed corporation for 5 years plus 3 year option. The current net income $277,200 per annum (including car bays income) although "expected to increase" to approximately $285,500 per annum following a CPI review in October 2010.

The property is zoned 'special use' and the potential for subdivision into multiple main street tenancies provides significant versatility in the future if desired.