Great opportunity- Burswood City Fringe location functional office/workshop with future growth potential
Ray White Commercial (WA) are pleased to exclusively present this centrally located office/workshop for sale.
This is a strata titled workshop situated in a duplex style development with street frontage, located in a fantastic location with opportunity for redevelopment potential with the adjoining strata lot.
Property features:
- Leased investment having a passing yield of 7%
- Total strata building area of 447sqm*
- One of only 2 strata units occupying a large corner redevelopment site having a total land area of 1473sqm*
- High underlying land value and future growth potential
- Town Planning Scheme No.1 - Burswood Precinct - Zoned Office/Residential - R80
- Comprising of 140sqm* showroom/ office area and 307sqm* workshop/warehousing space.
- Clear span workshop/warehouse area having truss height of 3.7 metres extending to 5 metres.
- Internally the office area has full amenities, kitchenette, large office while the rest being of area being open plan.
- Right of way located at rear of warehouse for ease of deliveries or for storage of a sea container
- 7 allocated car bays
Premises is currently leased short term to a well established high end automotive repairer who has leased this premises since January 2014 and has been at this Burswood address since 1998. The tenant is keen to continue leasing the premises given a large established clientele, or alternatively in consultation with the sitting tenant the property could possible be sold with vacant possession.
The property is located in the Burswood Precinct zoned Office/ residential which provides for medium to high density redevelopment potential and aims for both office and residential activities with a maximum plot ratio of 2.0:1 with a height allowance of 15 metres* .
Only 4 km from the Perth CBD, Crown Casino, Optus Stadium close by and near the intersection of the Graham Farmer Freeway and Great Eastern Highway.
Asking $899,000 ( No GST / Going Concern)
*approximately
For further information or to arrange an inspection please contact:
Nigel Tennant
M: 0439 555 439
E: nigel.tennant@raywhite.com
Ray White Commercial (WA)
Lachlan Burrows
M: 0499 552 296
E: lachlan.burrows@raywhite.com
Ray White Commercial (WA)