2/398 South Street O'connor WA 6163
- 665 m²
- For Sale, $3,900,000
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
For more information or to arrange an inspection, please contact Jonathan or Con today.
|Floor Area||665 m²|
|Land Area||3,175 m²|
|Annual Return||Ask Agent|
|Last updated||17 Apr 2019|