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5 & 17 North Beach Road
North Beach WA 6020
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Sold on 31 Mar 2022

5 & 17 North Beach Road North Beach WA 6020

  • Development / Land
  • 1.19 ha
  • Sold

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
Prestige International
Prestige International
1 Gloucester Street
Victoria Park, WA 6100

Property Highlights

Date Sold31 Mar 2022
Floor Area4,198 m²
Land Area1.19 ha
Parking230 x Onsite parkings
Property ID2017360741
Category
Last updated  16 Jan 2023
Map for 5 & 17 North Beach Road North Beach WA 6020

Nearest transport* to 5 & 17 North Beach Road North Beach WA 6020

Bus
North Beach Rd After West Coast Dr14 m
North Beach Rd After Cain St71 m
North Beach Rd After Odo St282 m
North Beach Rd Before Odo St298 m
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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Prestige International
Prestige International
1 Gloucester Street
Victoria Park, WA 6100

Property Highlights

Date Sold31 Mar 2022
Floor Area4,198 m²
Land Area1.19 ha
Parking230 x Onsite parkings
Property ID2017360741
Category
Last updated  16 Jan 2023

Listed by

Nello (Neil) Magro
Nello (Neil) Magro
Prestige International
Call
0408866881

More about 5 & 17 North Beach Road North Beach WA 6020

5 & 17 North Beach Road North Beach WA 6020 is categorized as Land & Development Property. It has a floor area of 4,198 m² and a land area of 1.19 ha. There are 230 x onsite parkings.The listing ID for this property is 2017360741.

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