Burgess Rawson is pleased to offer for sale 260-262 Churchill Avenue, Subiaco, a single level character duplex pair positioned on 476sqm* of land. The subject properties comprise of two 109sqm* strata titled lots with 6 car bays located at the rear of the property, access via Axon Street.
First time offered to the market as a whole building since the 1970’s. Why buy in a strata office development when you can secure a unique duplex pair of character offices / consulting rooms in a prime inner city location with redevelopment potential?
- Superb location surrounded by amenity
- Dual street frontage
- Suits multiple uses (STCA)
- Variety of development options with up to 3 storey (STCA)
- 260 Churchill Avenue is vacant, ready to occupy or lease as an investment
- 262 Churchill Avenue is leased till December 2019 plus a 3 year option
- 650m from Subiaco Train Station
- 3.5km from Perth CBD
Location
Situated on the corner of Churchill Avenue and Axon Street, Subiaco, the properties are within close proximity to Hay Street, Rokeby Road and Subiaco Train Station. In the area are properties which include a mix of residential, retail, medical and commercial uses.
Improvements
260 Churchill Avenue
The property oozes character throughout and comprises of four office / consulting rooms, reception / waiting area, storage area, kitchenette and WC facilities and three car bays at the rear of the property. The property also features excellent natural light, high ceilings and split system air conditioning. The property lends itself to medical use (subject to council approval).
262 Churchill Avenue
The property benefits from three office / consulting rooms, reception / open plan area, storage area, private kitchenette, WC and shower facilities and also three car bays at the rear off via Axon street. The property also features excellent natural light, high ceilings and split system air conditioning. The property is currently occupied as an office but also lends itself to medical use (subject to council approval).
Lease Details
260 Churchill Avenue
Vacant, ready to occupy or lease as an investment.
262 Churchill Avenue
Net Income: $26,498pa + GST
Outgoings: Payable by Lessee including Management Fee
Lessee: Templar Legal Pty Ltd
Lease Commencement: 11/12/2015
Lease Expiry: 10/12/2019
Option: 1 x 3 year option
Rent Reviews: CPI annual increases and Market Review at Option
Bank Guarantee: $10,000
Title Details
260-262 Churchill Avenue
Lots 1 & 2 on Strata Plan 6539 Certificate of Title Volume 1980, 1520 Folio 336 & 459.
Building Area
260 Churchill Avenue - 109sqm*
262 Churchill Avenue - 109sqm*
Land Area
260-262 Churchill Avenue - 476sqm*
Zoning
The property is zoned ‘Commercial / Residential’ under the City of Subiaco.
Outgoings (18/19)
260 Churchill Avenue
Council Rates - $3,911
Water Rates - $1,435
Land Tax - $1,545
Building Insurance - $2,528
262 Churchill Avenue
Council Rates - $3,434
Water Rates - $1,354
Land Tax - $1,390
Building Insurance - $2,570
Possession
260 Churchill Avenue is currently vacant and 262 Churchill Avenue is currently leased. Please refer to the selling agents for more details.
Goods and Services Tax
260 Churchill Avenue sellers are registered for GST and the buyers will be required to pay the sellers GST liability at settlement. 262 Churchill Avenue is sold as "Going Concern".
Asking Price
Offers Invited
For further information or to arrange an inspection, please contact the exclusive selling agents.
*Approx
^ (STCA) Subject to Council Approval