This is a once in a lifetime opportunity to secure a brilliant passing income stream in a high growth location with multiple options.
This property features one of Perth’s most successful Pharmacies for 40 years with the anchor tenant on a 7 year lease, plus a deli/mini-mart, basement (utilising wholesale distribution), plus a top floor (previously a thriving Mexican restaurant) currently used as offices. Total rent generated is in excess of $200,000 p/a + outgoings + GST.
Split over 2 titles with 4 different tenancies, this property lies in the middle of the revitalised planning by the city of Stirling with large mixed use redevelopment permitted.
THIS PROPERTY OFFERS BOUNDLESS DIFFERENT OPPORTUNITIES
1) 2 strata titles that can be sold off individually. 297m2 and 449m2 plus a basement area of 191m2.
2) Possibility to redevelop into a multi-story mixed use development on a dedicated inbound city transport route offering huge blue sky falling under the City of Stirling, Tuart Hill Local Centre Development Plan.
3) Simply providing a wonderful cash flow growth asset.
If you have been seeking to take advantage of the brilliant purchase options within the current market, then rarely would you ever find a better opportunity than here!
Featuring over 858m2 of net lettable on over 2 levels 1423m2 of land with direct exposure to busy Wanneroo Road, lets you explore so many commercial opportunities now and for the future.
For Sale by Expressions of Interest.
Call Now!
