[SOLD] Secure Prized Land On An EXCELLENT Lease Back Return

87 Main Street, Osborne Park

  • Land1012m2
  • Building418m2
  • TypeRetail

87 Main Street, Osborne Park

Property Highlights

  • Prized Main Street Osborne Park Land
  • 6% Yield - 5 Year Lease Back Arrangement
  • Possible 5 Story Future Development Site

This property has been SOLD.

Perth Commercial Property are pleased to offer to market with a 5 year lease back, 87 Main Street, Osborne Park.

A position on Main Street in Osborne Park is highly sought after at the best of times, but add 1012m2 of land and a 5 year lease to a well proven tenant to the mix and you have yourself a golden opportunity.

This proven retail and service store operator has successfully operated from this premises for more than 11 years and will continue to do so on a 5 year lease back arrangement.

Property Particulars
– 418 m2 approx of iron warehouse
– Roof has been replaced in approx 2010
– Good parking to both the front and rear of the property
– Front driveway and parking has been newly surfaced
– 3 Phase Power

– Street fronting on sought after Main street
– Greater than 20,000 passing traffic count
– Direct access to bus stops as well as Glendalough Train Station less than 1.5km

Lease Particulars
– 5 year lease will be offered with the sale
– 3 x 2 year options
– 6% return on sales price

Zoning – City of Stirling – Herdsman / Glendalough Structure Plan.
Indicative height limit of up to 5 stories.

Shire rates $3,396
Water rates $1,853
Land tax $2,106

Sale Price – $1,450,000. No GST as seller is not registered for GST

Perth Commercial Property welcome your enquiry on this property:
Anna Valentine
0427 182 296

Enquire about this property