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2/13 Mead Street Kalamunda WA 6076

  • Other
  • 169 m²
  • For Sale, $714,000

INVESTMENT PROPERTY. FULLY LEASED.

HIGH PROFILE, CORNER LOCATION.
Is this the best corner location in Kalamunda CBD?
This established building known locally as the Kalamunda Lunch Bar / Bakery site, this spot is as good as it gets in the area.
Available now in what is best described as a tightly held enclave, the site suits investors and / or owner occupiers who realise the potential it has to offer.
The property being offered is lot 2 on Strata plan 34969 that is the property occupied and Tenancies known as:
Kalamunda Lunch bar / Bakery - Approximately 60 sqm
Barnes Physiotherapy Clinic - Approximately 90 sqm
The current rentals are:
Lunch Bar $25,117.00 net per year
Physio Clinic $32,000.00 net per year
That is a total rental of $57,117.00 net income per year
The lunch bar has a lease with options until April 2023 and the physio lease same as the lunch bar finishes in April 2020 and options to extend to 2023 and 2026.
All the information received from the City of Kalamunda on the Draft Activity Centre Plan has the bakery building as city centre and a commercial zoning.
Recent developments have bought the town centre closer with a brand new ALDI store immediately opposite on the opposing corner and abundant parking nearby.
Barnes Physiotherapy is currently under lease but is available for an owner occupier if applicable. There is also the option of sub-letting part of the property to Barnes Physiotherapy if required by owner / operator (obviously for compatible commercial application) Barnes Physiotherapy has been operating from this site and adjacent Lot 1 for the last 20 years.
Asking price reflects an 8 % net return.
For a site inspection or for an information pack please contact us today.
NB - All information quoted as provided by owner / seller

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Property Highlights

Property ID2014226363
Floor Area169 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  20 Nov 2019
Map for 2/13 Mead Street Kalamunda WA 6076
Map for 2/13 Mead Street Kalamunda WA 60762/13 Mead Street Kalamunda WA 6076
Ray White Aldridge & Associates
Corner Haynes & Central Mall Kalamunda WA 6076

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