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12-16 Riseley Street Ardross WA 6153

  • Development / Land
  • 1,818 m²
  • Commercial Auction

LEASED INVESTMENT WITH HUGE DEVELOPMENT UPSIDE

    Raine & Horne Commercial are pleased to present 12-16 Riseley Street Ardross to the market for sale.

    An exceptional trophy asset, located within the tightly held, blue-chip neighbourhood commercial and retail strip of Ardross.

    Arguably one of the most significant neighbourhood commercial/ retail locations in the area, this forms one of the most prominent land holdings within the Riseley Street/ Kearns Crescent precinct.

    Offered as a leased investment with four securely leased tenancies.

    Land area: 1,818m2*
    Building area: 744m2 over five tenancies
    Parking: 42* bays total
    Net income: $240,324.46* p.a. plus outgoings plus GST (approx. $330,000* p.a. plus outgoings plus GST when fully leased)
    *approx.

    Significant development potential with up to six stories permissible under City of Melville Local Town Planning Scheme.

    In close proximity to Canning Highway and the Garden City Booragoon Shopping Centre, enjoying exceptional links to Applecross, Mt Pleasant, and transport links into the Perth CBD.

    Significant parking on site to the rear of the property.

    Take advantage of an extraordinary opportunity to secure a prime piece of south of the river commercial real estate!

    AUCTION: On Site at 11am (AWST)
    Thursday, 25th November, 2021

    Contact the Selling Agents now to discuss this property further.

    AUCTION

    Auction date and time25/11/2021 11:00
    Auction location12-16 Riseley Street, Ardross WA
    Terry Menage
    Raine & Horne Commercial WA
    Terry Menage
    Raine & Horne Commercial WA
    Matthew Edwards
    Raine & Horne Commercial WA
    Matthew Edwards
    Raine & Horne Commercial WA

    Property Highlights

    Property ID2017374253
    Floor Area744 m²
    Land Area1,818 m²
    Parking42 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  1 Nov 2021
    Map for 12-16 Riseley Street Ardross WA 6153
    Map for 12-16 Riseley Street Ardross WA 615312-16 Riseley Street Ardross WA 6153
    Terry Menage
    Raine & Horne Commercial WA
    Terry Menage
    Raine & Horne Commercial WA
    Matthew Edwards
    Raine & Horne Commercial WA
    Matthew Edwards
    Raine & Horne Commercial WA

    Property Highlights

    Property ID2017374253
    Floor Area744 m²
    Land Area1,818 m²
    Parking42 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  1 Nov 2021
    Raine & Horne Commercial WA
    334 Cambridge Street Wembley WA 6014
    Terry Menage
    Raine & Horne Commercial WA
    Terry Menage
    Raine & Horne Commercial WA
    Matthew Edwards
    Raine & Horne Commercial WA
    Matthew Edwards
    Raine & Horne Commercial WA
    Terry Menage

    Terry Menage

    Raine & Horne Commercial WA

    Matthew Edwards

    Matthew Edwards

    Raine & Horne Commercial WA

    0413 *** ***
    0413 046 317

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