Located on Collingwood Street Osborne Park in the heart of the long-time performing Osborne Park commercial/industrial area.
The site is in proximity to King Edward Road, Hutton Street, Scarborough Beach Road and offers convenient access to the Mitchell Freeway both north and south bound.
• Irreplaceable Osborne Park land of approx. 3,642sqm
• Building area of approx. 2,200sqm split over 5 units
• Solid and secure holding Income ranging from 2019 to 2022. Majority in 2021
• Current rents are below market value so future rental increases are very realistic
• Option periods with redevelopment clauses in the landlords favour
• 1 vacant unit to either occupy or release to increase the holding income
• Future development potential
• Income spread over 3 separate tenants
• Rare green title purchase opportunity in Osborne Park that is securely leased
• Benefit from the massive Investment at Innaloo Shopping Center
Do not miss this opportunity to invest one of Perth’s best performing long term suburbs in a great buying market.
Secure and diversified holding income with quality buildings at a potential purchase price that is supported by the underlying land value this will be a well contested property.