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Sold on 19 Jun 2018

454 Murray Street Perth WA 6000

  • Retail
  • 503 m²
  • Sold

INVESTMENT OPPORTUNITY IN LANDMARK CBD LOCATION

    • 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

    Property Highlights

    Property ID2014376043
    Date Sold19 Jun 2018
    Floor Area503 m²
    Land Area465 m²
    ParkingOn site parking available
    Category
    Last updated  17 May 2018
    Map for 454 Murray Street Perth WA 6000
    Map for 454 Murray Street Perth WA 6000454 Murray Street Perth WA 6000
    Colliers International Perth
    Level 26 197 St Georges Terrace Perth WA 6000

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