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5 & 17 North Beach Road North Beach WA 6020

  • Development / Land
  • 1.19 ha
  • Expressions of Interest

OCEAN FRONT LAND HOLDING WITH STRONG INCOME AND DEVELOPMENT POTENTIAL

  • Sweeping views to Rottnest Island
  • 11,854 square metre landholding

North Beach Shopping Centre and its huge 11,854 square metre landholding is an absolutely rare and unprecedented opportunity to secure an oceanfront foothold that will be irreplaceable for generations to come. The North Beach Shopping Centre is fully tenanted and popular with local residents and beachgoers alike. The property offers multiple opportunities:-

- Hold and enjoy the substantial rental income while land banking oceanfront real estate will always appreciate in value quicker than the general market.

- Undertake an immediate Mixed Use redevelopment combining shopping centre and medium density upper market residential apartments taking advantage of both the property's popular retail appeal and sweeping ocean views.

- Utilise surplus land and expand the existing centre - there is substantial opportunity for income improvement.

There are 17 tenancies in total, comprising a net lettable area of 4,198.07 square metres. There is on site parking both open and decked for approximately 230 vehicles. Key Leases are to the Farmer Jack's Supermarket, Thirsty Camel Liquor Store, North Beach Pharmacy/Newsagency, Peak Body Health and Fitness and Soda Sun Lounge. All tenancies have been purposefully restricted to relatively short term Leases allowing for future redevelopment.

The property is being offered exclusively to recognised Developers and Investors able to undertake a purchase of this nature. Your Expression of Interest is invited and should be lodged formally with either of the appointed agents by no later than close of business Monday 22nd November 2021.

EXPRESSION OF INTEREST

Closing date and time25/11/2021 17:00
Recipient nameNeil Magro
Delivery addressnmagro@prestigepg.com.au
Nello (Neil) Magro
Prestige International
Nello (Neil) Magro
Prestige International

Property Highlights

Property ID2017360741
Floor Area4,198 m²
Land Area1.19 ha
Parking230 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  27 Oct 2021
Map for 5 & 17 North Beach Road North Beach WA 6020
Map for 5 & 17 North Beach Road North Beach WA 60205 & 17 North Beach Road North Beach WA 6020
Nello (Neil) Magro
Prestige International
Nello (Neil) Magro
Prestige International

Property Highlights

Property ID2017360741
Floor Area4,198 m²
Land Area1.19 ha
Parking230 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  27 Oct 2021
Prestige International
Level 11, 125 St Georges Terrace Perth WA 6000
Nello (Neil) Magro
Prestige International
Nello (Neil) Magro
Prestige International
Nello (Neil) Magro

Nello (Neil) Magro

Prestige International

0408 *** ***
0408866881
Contact Agent