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64 Dowd Street Welshpool WA 6106

  • Industrial / Warehouse
  • Floor Size159 m²
  • PriceFor Sale, Contact Agent

Unique Welshpool Investment Opportunity

  • 159sq m* Cafe / Lunch bar building
  • 992sq m* Freehold Title
  • $67,980 p/a net passing income

Savills is pleased to present to the open market for sale, 64 Dowd Street, Welshpool, a café/lunch bar investment asset.

Located within the heart of Welshpool, one of Perth's prime industrial precincts, the property is positioned on the northern side of Dowd Street, approximately 10 kilometres east of the Perth CBD and within a short distance of some of Perth's most significant network roads, servicing one of the States busiest and most important industrial hubs.

Business occupiers in the vicinity include a wide mix of local, national and international commercial and industrial operators, providing a strong and steady workforce as the main customer base for the operating café / lunch bar business.

The property benefits from a modern fit-out, providing an open plan seating and customer area, service counters, drinks fridge, fully fitted commercial kitchen with service hatch, unisex wc and shower room (for staff use only).

A very well-established café and lunch bar facility, Café 64 has been successfully servicing the weekday morning and lunchtime needs of the surrounding industrial and commercial workforce for over 15 years*.

Opportunities to acquire a land area of this size, in such a core and prominent location, backed by secure income from a long standing use is extremely rare and with a limited number of competing café operations in the area, the opportunity to secure this type of asset is truly unique.

Property details

Internal Building Area: 159sq m*

Site Area: 992sq m*

On-site Car Bays: 21 in total of which 4 are covered

Investment Summary

Lease Term: 5 years from 12 February 2018

Option: 1 x 5 years

Current Net Income: $67,980 pa plus Outgoings and GST

Rent Reviews: Annual fixed increases to 3%, throughout the initial term and option
Fixed 5% increase at the commencement of the option

Outgoings: Fully recoverable (no management fees)

Lease Security: 6 month gross Bank Guarantee

The property is for sale by Private Treaty.

For further information and to arrange an inspection of this property, please contact the exclusive selling agent.

*Approximate only

Property Highlights

Property ID2015127579
Floor Area159 m²
Land Area992 m²
Parking21 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  5 Apr 2019
Map for 64 Dowd Street Welshpool WA 6106
Savills Perth
Level 27, 108 St Georges Terrace Perth WA 6000

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