+ Net Income: $94,833.38 pa
+ Long Standing Popular Business
+ Freehold Corner Site
+ Set & Forget Investment
+ Options in place until 2034
Burgess Rawson are pleased to present to the market for sale 189 Guildford Road, Maylands. This outstanding leased investment offers the astute investor an opportunity to purchase a singletenanted freehold building with a strong performing operator.
The property leased to popular restaurant 'Rifo's' collects an annual income of $94,833.38 pa currently within a 5 year term with a 5 year option.
Improvements
The property comprises a 230sqm single level building with outstanding exposure on the corner of Guildford Road and Eighth avenue, Maylands. The property enjoys indoor dining, covered alfresco seating, on site kitchen, cool room and grease trap.
Location
The property enjoys a fantastic inner city location with easy access to key thoroughfare roads, the Perth CBD and Graham Farmer Freeway. The building benefits from huge exposure and signage on Guildford road with an estimated 28,695* passing cars daily Monday to Friday (Main Roads 2020/2021).
Zoning & Development
The property resides within the City of Bayswater local council and is zoned 'Maylands Activity Centre Zone (RAC0)'.
Please refer to the Information Memorandum for further information of the property zoning and permissible uses.
Lease Details
Net income: $94,833.38 pa
Term: Currently in a 5 year option with a further 5 year option
Lease Expiry: 19th January 2024
Land Details
Frontage to Eighth Ave 38.76 metres
Frontage to Guildford Rd 11.29 metres
Total Land Size: 364sqm
Legal Description
Lot 35 on Plan 2164 Volume 1480 Folio 556
For a copy of the Information Memorandum or to organise an inspection please contact the exclusive selling agents.
*Approx
