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2/398 South Street O'connor WA 6163

  • Retail
  • Floor Size665 m²
  • PriceFor Sale, $3,900,000

LEASED INVESTMENT

The subject property is situated with in minutes of Murdoch University and boasts a corner position with direct exposure to South Street.

City Centre zoning, Ideal for an investor, this property is currently leased to "Barrel House Saloon and Eatery"

The lease terms include:
-10 year lease with one ten year option
-$175,000 annual net rent
-4% reviews with market rent review at option
-$56,375 bank guarantee
-3,175 sqm leased area
-Redevelopment Clause in lease allowing owner to give 12 months notice to current tenant as of 1 September 2023

An additional $450/week is recoverable from the Salty Gnome Cafe

Land Area: 3,175 sqm
Price: $3,900,000
Available: Now

For more information or to arrange an inspection, please contact Jonathan or Con today.

Property Highlights

Property ID2015178979
Floor Area665 m²
Land Area3,175 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  17 Apr 2019
Map for 2/398 South Street O'connor WA 6163
ACTON Commercial
Level 1, 187 Stirling Highway Nedlands WA 6009

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