765 Canning Hwy Applecross WA 6153

Well located corner property sits within the Riseley Centre commercial area and presents a prime redevelopment and/or investment opportunity in a very fashionable and sought after location.

The property owner is currently the tenant generating an attractive holding income, pending redevelopment.

Total land area is 696 sqm:

- Tenancy 1: 548 sqm NLA

- Tenancy 2: 65 sqm NLA

The site has high passing traffic exposure and easy ingress and egress.

This property is ideally suited to buyer looking for a redevelopment opportunity or an Applecross location for the purpose of relocating its business.

This property is centrally located within the Reisley Centre and is well positioned for development as a stand alone six storey mixed use building.

The current owner is prepared to lease back the property from the date of settlement for a period of between 3 and 12 months at a rent of $144,739 plus GST plus variable outgoings plus GST.

Alternatively, an incoming owner could easily convert the property to a new tenancy environment, one that generates improved net income based upon a higher/better economic use.

Then property is not being presented to the market in its current form as a leased investment opportunity, one that is designed to attract investors looking for a long term and stable yield.

To arrange a viewing contact Michael Danagher on 0403 049 989