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136 West Coast Drive 2 Padbury Circle
Sorrento WA 6020
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Sold on 15 Feb 2018

136 West Coast Drive 2 Padbury Circle Sorrento WA 6020

  • Shop & Retail
  • 1,462 m²
  • Sold

PRIZED SORRENTO BEACHFRONT - LONG LEASE TO WOOLWORTHS WITH DEVELOPMENT UPSIDE

  • 1,462sqm* beachfront site
  • Long lease to BWS (Woolworths)
  • $213,000* per annum net income

CBRE is pleased to present for sale on behalf of OP Properties this exceptional retail investment property with a long lease to BWS (Woolworths Limited) and with a strong underlying land content and favourable planning for future high density/commercial/mixed use/residential development.

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

- PRIME CORNER BEACH FRONT SETTING
- HIGHLY DESIRABLE PRECINCT WITH UNRIVALLED AMENITIES
- WITHIN POPULAR BOUTIQUE LOCAL RETAIL AND CAFE STRIP
- CLOSE PROXIMITY TO HILLARYS BOAT HARBOUR
- STRONG SECURE INCOME STREAM WITH BUILT-IN GROWTH
- ANCHORED BY BWS (WOOLWORTHS LIMITED)
- FAVOURABLE 'COMMERCIAL' ZONING WITH STRONG RETAIL USES
- ZONING AMENDMENT PROPOSES HIGHER DENSITY MIXED-USE REDEVELOPMENT
- PROPOSED HEIGHT LIMITS OF 3-5 LEVELS FOR PANORAMIC BEACH FRONT ASPECTS

Price Upon Application.

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

*approx

Property Highlights

Date Sold15 Feb 2018
Floor Area1,462 m²
Land Area1,462 m²
ParkingOn site parking available
Property ID2013017232
Category
Last updated  5 Jul 2021
Map for 136 West Coast Drive 2 Padbury Circle Sorrento WA 6020

Property Highlights

Date Sold15 Feb 2018
Floor Area1,462 m²
Land Area1,462 m²
ParkingOn site parking available
Property ID2013017232
Category
Last updated  5 Jul 2021
Level 25, Qv1, 250 St Georges Terrace Perth WA 6000

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