• Iconic Tenant
• Rent as at 1 July 2018 - $389,856 pa
• Land Area – 465 sqm
• Significant Redevelopment Potential
• Landmark “West End” CBD Location
Colliers International is delighted to offer, for sale by “Offers Invited”, 454 Murray Street, Perth. A rare chance to purchase a leased freehold investment property in Perth’s most sought after “West End” location.’
The Opportunity:
A long, superb term investment hold with significant redevelopment potential.
Location:
Unquestionably one of Perth’s best locations. Situated on the corner of Milligan and Murray Streets, positioned close to the Perth Arena, Yagan Square and the Hay and Murray Street Malls. The location is home to Perth’s best and most diverse range of commercial and hospitality uses.
Improvements:
The property consists of a single level freehold building on a corner position and includes the following:
- Open plan dine-in restaurant plus a takeaway and alfresco seated areas;
- Large, commercial kitchen;
- Ample dry storage and plant room.
The building area is approximately 503 sqm (GLAR).
Tenancy:
The property is sold subject to an existing lease with a current income of $389,856 pa as at 1 July 2018. Please contact the selling agent for further information.
Zoning:
The City of Perth advise that the property is zoned “City Centre”.
Land Details:
Frontage to Murray Street 12.11m
Frontage to Milligan Street 29.95m
Total Land Area 465 sqm
GST:
The sellers are registered for GST and the property will be sold as a “Going Concern”.
Sale Process:
The property is offered for sale by “Offers Invited” and close on Wednesday 13 June 2018 at 2pm (WST).
For further information, or to arrange an inspection, please contact the Exclusive Selling Agent:
Shane Isaacs on 0434 659 911 or shane.isaacs@colliers.com
