Skip to main content
85 Whatley Crescent
Bayswater WA 6053
SearchBack to results
Sold on 18 Mar 2024

85 Whatley Crescent Bayswater WA 6053

  • Shop & Retail
  • 324 m²
  • Sold

Freehold Part Leased Investment with Strong Value Add Potential

- Outstanding Investment Opportunity with Value Add Potential
- Opposite soon to be complete brand new Bayswater Train Station
- 519sqm land parcel with rear access
- 324.60sqm* improvements
- Estimated Fully Leased Income of $110,000 pa
- Opportunity for multiple tenancies and income streams
- Zoned: Development WA (refer additional details below)
- Anchor Tenant - Trading as Australia Post
- Located within prominent retail strip with other operators including IGA.
- Public car park directly adjoining the property
- Outstanding surrounding public amenity

Burgess Rawson are pleased to present to the market for sale 85 Whatley Crescent, Bayswater. This fantastic freehold asset offers buyers an array of options and opportunities such as invest, part occupy or reposition entirely. The property is located opposite the soon to be complete brand new Bayswater Train Station. The property will benefit from thousands of commuters entering and exiting the station upon completion.

The property resides on a 518sqm freehold land parcel with improvements of circa 324.6sqm*. The current improvements comprise;

Shop 1
- 103sqm*
- Trading as Australia Post
- Leased until November 2026
- Income $35,070 pa

Shop 2
- 100sqm* vacant tenancy

Shop 3
- 121.60sqm* tenancy currently occupied by a bakery with $47,753 pa income

Total improvements estimated at 324.6sqm*

Zoning
The property is zoned 'Development WA' according to Development WA.
The subject site is within the Core Precinct under the Metronet East Redevelopment Scheme.
Under the Metronet East Bayswater Design Guidelines the site falls within the King William Street Sub- precinct and within the Main street Zone.
In relation to the land use permissibility the site can accommodate a range of uses from Residential to Commercial.
Refer to below link for additional details and preferred land uses.

https://developmentwa.com.au/documents/1582-metronet-east-bayswater-project-area-design-guidelines/viewdocument/1582

Offers Invited in the mid $1mils

For further information please contact the exclusive selling agent Luke Randazzo on 0417 181 309.

Property Highlights

Date Sold18 Mar 2024
Floor Area324 m²
Land Area519 m²
ParkingAsk Agent
Property ID2018923431
Category
Last updated  13 Mar 2024
Map for 85 Whatley Crescent Bayswater WA 6053

Property Highlights

Date Sold18 Mar 2024
Floor Area324 m²
Land Area519 m²
ParkingAsk Agent
Property ID2018923431
Category
Last updated  13 Mar 2024

Listed by

Luke Randazzo
Luke Randazzo
Burgess Rawson
Call
08 9288 0228

More Shop & Retail for Sale in Bayswater WA

Sold$855,500
7 beechboro road south,bayswater, WA 6053
319 m²
Shop & Retail
Sold$1,200,000
33 durham road,bayswater, WA 6053
400 m²
Shop & Retail
Sold
78 - 80 railway parade,bayswater, WA 6053
6,452 m²
Shop & Retail