SOLID LEASED INVESTMENT WITH DEVELOPMENT POTENTIAL
Situated on the busy street of Norma Road within the heart of the Myaree commercial/industrial precinct, the property offers a modest workshop/showroom/warehouse complex comprising of two units on the one title.
The two units are fully leased with a net rental income of $52,800 per annum.
The property is located approximately 9 kilometres south of the Perth CBD and within close proximity to major arterial roads including Leach Highway and Canning Highway. Under the current town planning scheme the property is zoned Service Commercial which allows a plot ratio of 1 and a building height standard of 13.5 metres overall.
Surrounded either side by new builds - the future is very promising for this locale and the future potential for this site is massive.
Features include: - 414m2 of combined lettable area - 906m2 of Freehold Land - Prestigious Myaree Location - Secure Investment - Signage & Exposure - Ample parking to both front and rear of the property for staff and customers - 19 meter frontage to Norma Road - Perfectly rectangular development site
Be sure to contact the Joseph Mansour on 0412 672 234 for further details.
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,025,000
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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