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197-205 Brisbane Street
Perth WA 6000
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197-205 Brisbane Street Perth WA 6000

  • Shop & Retail
  • 85 - 546 m²
  • For Sale, OFFERS INVITED CLOSING 21 March 2024

CORNER THE MARKET

  • Buy 1 or all 5
  • Leased Investment or owner occupiers
  • 4 lots are Leased. 1 lot is vacant

MULTI-LOT SALE: 5 Ground floor Strata lots on the corner of Brisbane Street and Lake Street PERTH WA 6000.

Lots 1, 2 & 3 are currently leased to two restaurants requiring a buyer to buy all 3 lots as a bundle. One tenant is on a monthly lease allowing an Investor to renegotiate a new lease or an owner-occupier to purchase and occupy the restaurant.

The lots feature corner exposure to Brisbane Street and Lake Street with a combined street frontage of approximately 40sqm.

Combined Strata Area: 375sqm
Lot 1 & part lot 2: Leased to 'Phi Yen Vietnamese' on a monthly holdover.
Lot 3 & part lot 2: Leased to "Peasants Paradice" expiring 30 Nov 2025 with 5-year option to renew.
Combined Rent: $116,523.54 pa net + GST
Outgoings: $25,762.00 pa + GST
Price: All Offers Invited - closing 21 March 2024

Lot 4 is currently leased to "Hair Boss" who have operated from the premises since Aug 2012 (11+ years). The current tenure expires on the 19th of August 2027 with a 5-year option to renew. The property features direct street exposure to Lake Street.

Strata Area: 85 sqm
Current Rent: $35,803.21 pa net + GST
Outgoings: $9,221.00 pa + GST
Price: All Offers Invited - closing 21 March 2024

Lot 5 is being sold with vacant possession. This is a fantastic opportunity for an owner-occupier to secure a tenancy in a high-profile location that has good exposure. The property will suit a large variety of operators including but not limited to café, Food, Retail and office (STCA)

Strata Area: 86 sqm
Price: All Offers Invited - closing 21 March 2024

All Strata Lots are zones Local Centre under the City of Vincent Town Planning Scheme No.2

All Strata Lots are being sold by an offers-invited campaign closing on the 21st of March 2024.

Contact Shannon, Jonathan or Con to arrange an inspection or to request a detailed IM Report.

Property Highlights

Floor Area85 - 546 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019069824
Category
Last updated  21 Feb 2024
Map for 197-205 Brisbane Street Perth WA 6000

Property Highlights

Floor Area85 - 546 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019069824
Category
Last updated  21 Feb 2024

Co-Agents

Shannon Swarts
AGORA Property Group
Call
0448 218 629
Con Passaris
AGORA Property Group
Call
0412 004 374
Jonathan Kilborn
AGORA Property Group
Call
0404796137

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