- Fully leased income $692,944 pa net*
- 8 tenancies including Bridgestone, Better Pets and Gardens and Getaway Outdoors
- Huge frontage to Albany Highway
- Large level parking for 153 cars
Introduction
Burgess Rawson are pleased to present to the market for sale this well presented leased showroom investment on prominent Albany Highway. The property comprises a strong tenancy mix with tenants ranging from bulky goods, automotive services, office, recreation and hospitality.
Location
The property enjoys massive exposure on busy Albany Highway and is within close proximity to major established brands including; Woolworths, Coles, Dan Murphy's, Spudshed & IGA. The property enjoys over 33,000** passing vehicles per day Monday to Friday.
Improvements
Comprising 8 tenancies between 382-900sqm in area, fronting a level bitumenised car park for 153 cars.
Income
The property is leased to 7 tenancies with one tenancy currently vacant. The sellers will guarantee the rent on this tenancy for 12 months from Settlement making the fully leased annual income $692,944 pa net.
and Details
Lot 833 on Plan 55051 Volume 2735 Folio 551
Site Details
The property enjoys a huge 102 metre frontage to Albany Highway and a total land area of 11,487sqm.
Zoning
The property is zoned 'District Centre' under the City of Armadale Town Planning Scheme No. 4.
Asking Price
$9,450,000 (GST Going Concern)
Goods and Services Tax
The Sellers are registered for GST and the property will be sold as a Going Concern.
*Approx.
**Source: Main Roads 2017/2018
