159 Scarborough Beach Road Mount Hawthorn WA 6016
- Shop & Retail
- 181 m²
- For Sale, CONTACT AGENTS
Established Lessee Pharmacy 777
Knight Frank on behalf of the Receivers and Managers of AMS Holdings (WA) Pty Ltd (Receivers & Managers Appointed)(In Liquidation) are pleased to offer 159 Scarborough Beach Road, Mount Hawthorn for sale by Offers to Purchase closing Wednesday 14 April 2021 at 3pm (AWST).
The property comprises of a recently refurbished retail tenancy located in the heart of the Mount Hawthorn commercial/retail precinct.
The property will appeal to investors due to the established nature of the suburb, proximity to major activity centres and the security of the leased premises and future upside in rental.
Key features include:
496 sqm site with significant future development potential
Leased to Pharmacy 777 on long lease term of 10 years plus options
Leased below market rent (due to lessee funded improvements) with market review opportunities in the future
Directly opposite The Mezz Shopping Centre
Easy access to major freeways, local schools, major arterial roadways and close proximity to entertainment precincts on Oxford Street and Scarborough Beach Road.
Gross Rental $73,000 inclusive of GST and outgoings. Approximate Net income $48,848.
For more information please contact the exclusive selling agents.