Properties

Leased Investment With Further Development Potential

2 Fourth Avenue, Kensington

Property ID
9783073
Leased Investment With Further Development Potential
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Agent details

Office

155 Canning Highway

SOUTH PERTH WA 6151

Ph: 08 9474 3222

Fax: 08 9474 3300

Email this office

Agent Simmon Sardelic

Phone (08) 9474 3222

Email simmon@sardelic.com.au

Agent Hammond Evans

Phone 0451 193 316

Email commercial@sardelic.com.au

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Leased Investment With Further Development Potential

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Conveniently located on the corner of Fourth Avenue & Banksia Terrace in Kensington, this property enjoys good accessibility via Canning Highway and sits only 4 km from the CBD.

Originally constructed in circa 1940, the building is approximately 135 sq m and is situated at the corner of the lot. Having undergone extensive refurbishment, the interior is finished to a high standard with modern amenities. Architectural features from a former era reinforce the warmth and character of this building, traits highly sought-after in the marketplace.

The premises are currently tenanted until May 2017, however, a sooner opportunity exists for a smart investor looking to develop the site further. With at least 250 sq m of land available to build on now, a suitable commercial development would generate a stable return into the future. Alternatively, the premises would suit an owner-occupier wishing to subsidise their construction or holding costs with a steady income on part of the premises.

*878 sq m of Land
*Zoned R15 - Local Commercial (City of South Perth)
*Currently tenanted until May 2017 with 3 year option thereafter
*Returning $35,770 per annum, with 4% revisions annually
*Refurbished throughout, high quality finishes and well landscaped
*Large & secure car park at rear with ample street parking also

Sold

Property ID 9783073
Bedrooms 0
Bathrooms 0
Garage 0
Air Conditioning
Flooring
Land Content
Land Size 878 Square Mtr approx.
Units in Complex