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159 Scarborough Beach Road, Mount Hawthorn, WA 6016

159 Scarborough Beach Road, Mount Hawthorn, WA 6016

Retail

  • Sold Contact Agent
  • Fri 21-May-21

  • Land Area
  • 496.00 m² (approx)
  • Floor Area
  • 181 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Jun 15, 2021

Interested in this property? Contact an Agent today

Knight Frank - Perth

Lvl 10, Exchange Tower, 2 The Esplanade

Perth WA 6000

Tony Delich, Knight Frank - Perth
Tony Delich
James Baker, Knight Frank - Perth
James Baker

Established Lessee Pharmacy 777

Knight Frank on behalf of the Receivers and Managers of AMS Holdings (WA) Pty Ltd (Receivers & Managers Appointed)(In Liquidation) are pleased to offer 159 Scarborough Beach Road, Mount Hawthorn for sale by Offers to Purchase closing Wednesday 14 April 2021 at 3pm (AWST).

The property comprises of a recently refurbished retail tenancy located in the heart of the Mount Hawthorn commercial/retail precinct.

The property will appeal to investors due to the established nature of the suburb, proximity to major activity centres and the security of the leased premises and future upside in rental.

Key features include:
• 496 sqm site with significant future development potential
• Leased to Pharmacy 777 on long lease term of 10 years plus options
• Leased below market rent (due to lessee funded improvements) with market review opportunities in the future
• Directly opposite ‘The Mezz’ Shopping Centre
• Easy access to major freeways, local schools, major arterial roadways and close proximity to entertainment precincts on Oxford Street and Scarborough Beach Road.
• Gross Rental $73,000 inclusive of GST and outgoings. Approximate Net income

159 Scarborough Beach Road, Mount Hawthorn, WA 6016

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