Burgess Rawson are pleased to present to the market for sale 306 Newcastle Street, Perth.
This fantastic freehold asset presents both owner occupiers and investors a range options. Currently leased until March 2026 the Tenant currently pays $191,759.34 pa however the Tenant has already moved out of the premises so there is opportunity to take possession sooner should a buyer wish to.
The property comprises a secure yard with onsite parking, roller door access into the 6 metre* truss warehouse and a two level showroom/office. The property is zoned 'Commercial' and would be suitable for a range of businesses.
Located on the corner of Newcastle Street and Palmerston Street, Perth the property is within close proximity to the Perth CBD and Northbridge as well as having excellent access to the Kwinana and Graham Farmer Freeways.
The property enjoys maximum exposure affording the buyer ample opportunity to display signage and take advantage of this prominent corner location.
Features
+ 1,014sqm Land Area
+ 978.90sqm* Gross Lettable Building Area
+ Excellent Exposure & Signage Opportunities
+ Secure Car Parking/Yard Area
+ Roller Door Access
+ 6m* Warehouse Truss Height
+ Showroom/Office/Warehouse
+ Zoned 'Commercial'
+ Ample Street Parking
+ Outstanding inner city location
The property enjoys easy access to main arterial roads and the Perth CBD and is just;
- 1km* from Perth CBD
- 750m* from Beaufort St
- 1.2km* from Perth Arena
- 1.3km* from Graham Farmer Freeway
- 550m* to Kwinana Freeway entry point
- 280m* from Fitzgerald St
- 350m* from Northbridge Entertainment precinct
Land Area
1,014sqm
Improvements
Two level showroom/office/warehouse with secure laydown area and roller door access.
Gross Lettable Areas
- Warehouse: 174.12sqm*
- Ground floor showroom: 399.30sqm*
- First floor showroom/offices: 405.48sqm*
Total approximate gross building size: 978.90sqm*
Zoning
The property is zoned 'Commercial' according to the City of Vincent Local Town Planning Scheme No. 2 with a range of permissible and discretionary uses available. Please refer to the exclusive selling agents for the Information Memorandum with more information.
Lease Details
The property is leased to 'Rewards Supply Co. Pty Ltd' on the following terms;
- Net Income: $191,759.34
- Lease expiring: 31st March 2026
The Tenant has already moved out of the building and therefore there is the opportunity to continue to collect rent until the end of the term or alternatively break the lease early and take occupation giving buyers a high level of flexibility.
Asking Price
$3,995,000 (Going Concern)
For further information or to arrange an inspection, please contact the exclusive selling agents Luke Randazzo 0417 181 309 and Rory Walker 0449 007 759.
*Approx
