3/166 Brighton Road, Scarborough
- 10% Return on Asking Price Approx
- Beautiful Office Outlook
- 2 Exclusive Use Car Bays
THIS PROPERTY IS SOLD.
* on a Gross Lease Basis.
Perth Commercial Property as exclusive Selling Agents are pleased to offer for sale U3 166 Brighton Road, Scarborough.
This is your opportunity to buy into the extremely tightly held commercial market in Scarborough – affordable offices such as this are rare to the market.
The modern office space, featuring a lovely outlook, plenty of natural light and private balcony is located within the modern multi story development at 166 Brighton Road. For added convenience the hugely popular Kinky Swell coffee shop is located on the ground floor over the property.
The property can be sold with 3 month to month tenancies in place OR on a vacant possession at settlement basis.
Superbly located, the property is a mere 3 minutes drive directly up Brighton Road to the coast or just a 650m walk to the famed Brighton Road Food Market.
Site improvements: 78m2 office, plus 9m2 balcony plus 3m2 storeroom
Site area: 90m2
Car bays: 2 Exclusive Use Bays (Off Title)
The space is divided into 4 good sized offices and a meeting room. The kitchen and toilet facilities are common.
THE LEASE DETAILS
The entire space is currently let to 3 individual tenancies on a gross lease basis with annual rental collections of $47,839 plus GST. (approx outgoings included in the rental collections is $17,200). Possible 10% return based on the gross rental basis.
All tenancies are on a month to month lease basis.
The tenants (inclusive of a financial planner, marketing consultant and engineer) are on a month to month rental agreement. The tenants have been at the property for apprx 5, 4 and 2.5 years consecutively (please note it will be the buyers responsibility to pursue any alterations to the existing leasing terms post purchase if required).
If required, the property can be sold with vacant possession at settlement.
The City of Stirling advises the property is zoned Local Centre.
Sale Price From $460,000
2021 Statutory Outgoings:
Water Rates $1,071
Council Rates $1,620
Land Tax Not currently assessed
GST status: All figures + GST
For further details or to arrange an inspection, please contact the exclusive selling agents.
*All Areas Approx