Prime, Perth Hills, Retail / Commercial - Freehold Shopping Centre Investment
Perth, Western Australia 6000
SOLD
Key Features
AI generated. Contact seller to confirm.
- Fully leased freehold suburban shopping centre
- 1145sqm GLA on 3289sqm commercial corner site
- 11 shops with strong long-term active traders
- On-site parking plus additional off-site overflow bays
- High-visibility location on major suburban through-road
- Gross annual rental $293Kpa; net return in excess of 7%
- Turnover: $293Kpa
- Net Profit: Not disclosed
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: Over 45 years
Business Details
Business Category Commerical Property Freehold General Retail
• OFFERED FOR SALE is a FULLY LEASED freestanding Freehold Suburban Shopping Centre Property of 1145sqm GLA; & on a large 3289sqm Commercial zoned corner site.
• Developed over 2 adjoining Ground Level buildings & with 2 separate & conveniently accessible on-site Parking Lot areas.
• A historically successful & fully leased Retail/Commercial centre; & with over 45 years of its original founding-family still being its current owner/manager proprietors.
• Expanded from its original development in to its now 11 shops, some with adjoining multi-shop locations & with substantially strong, long term active traders.
• A true local Hills Shopping Centre icon – being well exposed & highly visible, amidst its established high-end garden suburb residences.
• Also strategically located on a major suburban through-road & providing additional off-site parking bays for its overflow centre patrons.
• Providing its Freehold-owners with a Financially sound Retail Investment – & currently generating a Gross Annual Rental of some $293Kpa [plus Outgoings and GST];
• and also in noting that the balance of its recent 12/18 month CPI related 2024 Rent Reviews have all now been invoked for the remainder of this calendar year - it's offering a current & attractive Net Return in excess of some 7%pa on the current Asking Price.
• It is attractively Offered For Sale by its [now retiring] owners, by way of Expressions of Interest, from some $4M.
To register your interest or to obtain further details, please contact the exclusive selling agent: David Ellis / of Ellis Corporate – XXXXXXXXXX / XXXXXXXXXX / XXXXXXXXXX
• Developed over 2 adjoining Ground Level buildings & with 2 separate & conveniently accessible on-site Parking Lot areas.
• A historically successful & fully leased Retail/Commercial centre; & with over 45 years of its original founding-family still being its current owner/manager proprietors.
• Expanded from its original development in to its now 11 shops, some with adjoining multi-shop locations & with substantially strong, long term active traders.
• A true local Hills Shopping Centre icon – being well exposed & highly visible, amidst its established high-end garden suburb residences.
• Also strategically located on a major suburban through-road & providing additional off-site parking bays for its overflow centre patrons.
• Providing its Freehold-owners with a Financially sound Retail Investment – & currently generating a Gross Annual Rental of some $293Kpa [plus Outgoings and GST];
• and also in noting that the balance of its recent 12/18 month CPI related 2024 Rent Reviews have all now been invoked for the remainder of this calendar year - it's offering a current & attractive Net Return in excess of some 7%pa on the current Asking Price.
• It is attractively Offered For Sale by its [now retiring] owners, by way of Expressions of Interest, from some $4M.
To register your interest or to obtain further details, please contact the exclusive selling agent: David Ellis / of Ellis Corporate – XXXXXXXXXX / XXXXXXXXXX / XXXXXXXXXX
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