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158 James Street, Northbridge, WA 6003

158 James Street, Northbridge, WA 6003

Hotel/Leisure Retail Other

  • Sold Contact Agent
  • Wed 14-Apr-21

  • Land Area
  • 304.00 m² (approx)
  • Floor Area
  • 275 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • May 25, 2021

Additional Details


Interested in this property? Contact an Agent today

Ray White Commercial WA - PERTH

12-14 The Esplanade

Perth WA 6000

Prime, Prime, Prime!

Offered to the Market for the First Time in 35 years, this freehold restaurant, presents an opportunity to acquire both a high street retail asset and a high density development site.

Occupied by Sorrento restaurant since 1982 with a lease to 30 June 2022 and located within the beating heart of Northbridge, only metres from the Northbridge Piazza, Russell Square and the Northbridge Cultural Precinct.

Expression of Interest Closing Tuesday, 9 March 2021 at 4:30pm AWST (Unless Sold Prior)

Development highlights include:
- 304sqm* of land
- 15 metre frontage
- 4:1 plot ratio (with additional plot ratio bonuses available)

Restaurant features include:
- 275sqm* of building (approx.)
- Alfresco licence
- Approximately 140 person capacity (including alfresco)
- Restaurant Liquor Licence
- Grease Trap
- Exhaust

Lease details:
- $129,792pa plus outgoings & G.S.T. reduced to $78,000 during the COVID-19 emergency
period
- Lease expires 30th June 2022 with no options


For further questions or to arrange an inspection contact:

Brett Wilkins
Ray White Commercial (WA)
M: 0478

158 James Street, Northbridge, WA 6003

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