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306 Newcastle Street
Perth WA 6000
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Sold on 27 Oct 2016

306 Newcastle Street Perth WA 6000

  • Shop & Retail
  • 1,041 m²
  • Sold

LEASED INVESTMENT - FUTURE DEVELOMENT

  • Fully leased to international tenant
  • $170,479pa net passing income
  • Zoning - 5 storey height limit

CBRE is pleased to present for sale this strategically located retail investment opportunity incorporating a fully leased showroom to international longstanding tenant Reward Supply Co Pty Ltd, with future redevelopment potential.

We highlight the following positive attributes of this outstanding and rare investment and development opportunity:

- PRIME CITY FRINGE LOCATION ONLY 1.5KM* NORTH OF THE CORE CBD
- WELL PRESENTED, FUNCTIONAL TWO-STOREY 861SQM* SHOWROOM & 180SQM WAREHOUSE
- FULLY LEASED TO LONG TERM TENANT REWARD SUPPLY CO PTY LTD UNTIL MARCH 2018
- 9 ON-SITE PARKING BAYS
- STRONG UNDERLYING LAND VALUE WITH FUTURE DEVELOPMENT POTENTIAL INCLUDING RESIDENTIAL, OFFICE AND MIXED USE OPTIONS UP TO 5 STOREYS
- PROFILE CORNER WITH EXTENSIVE 20M* FRONTAGE TO NEWCASTLE STREET AND 35M* FRONTAGE TO PALMERSTON STREET
- HIGH AMENITY LOCATION WITHIN CLOSE PROXIMITY TO HEART OF NORTHBRIDG FEATURING POPULAR BARS, CAFES, RESTAURANTS, RETAIL AND CULTURAL FACILITIES
- WELL SERVICED BY PUBLIC TRANSPORT (BUS & TRAIN) & CLOSE PROXIMITY TO THE PERTH ARENA
- SUIT INVESTORS, DEVELOPERS AND FUTURE OCCUPIERS

The property is being offered for sale by way of Public Auction to be held on-site on Thursday 27th October 2016 at 11.00am AWST.

For further information regarding the property, please contact the exclusive selling and marketing agent CBRE.

Property Highlights

Date Sold27 Oct 2016
Floor Area1,041 m²
Land Area1,015 m²
ParkingOn site parking available
Virtual TourView Tour
Property ID2013101038
Category
Last updated  5 Jul 2021
Map for 306 Newcastle Street Perth WA 6000

Property Highlights

Date Sold27 Oct 2016
Floor Area1,041 m²
Land Area1,015 m²
ParkingOn site parking available
Virtual TourView Tour
Property ID2013101038
Category
Last updated  5 Jul 2021

Co-Agents

Ben Younger
Ben Younger
CBRE Perth
Call
0410 533 679
Kate Foley
Kate Foley
CBRE Perth
Call
+61 422 264 238

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