[SOLD] Ideal Long Term Investment

This property is has been SOLD.

Address: Lot 12, 72-74 Belmont Avenue
Suburb: Rivervale
Building Area: 448 m2
Yard Area:
Parking: shared parking
Price: $990,000

Additional Features:

Here is your opportunity to secure a SUPREMELY located property – fronting busy Belmont Avenue that is partially let to a long standing popular lunch bar.

The front part of the property (facing Belmont Avenue) is utilised as a takeaway / lunch bar and the rear part – which has only recently become vacant is a combination of office and warehouse.

Following purchase you could choose to lease out the rear warehouse for a tidy little long term investment or operate your own business from the warehouse component.  This property does not adjoin any other property within the strata complex.

Total improvements  445m2

Total land 445m2

Lunch Bar Component Details

  • Long term, reliable tenancy
  • Annual rental of $43,580 plus outgoings and GST
  • Lease expiry Sept 2020 – plus 2 x 5 year options
  • 110 m2 apprx

Warehouse Component Details

  • Total footprint of 335m2 apprx, comprised of:
    •  55m2 apprx dropped ceiling workroom with air conditioner
    •  280m2 apprx low truss warehouse
    •  PLUS a BONUS  55m2 apprx mezzanine, air conditioned office – not factored into the price
  • 3 phase power
  • security alarm
  • good access

Annual Variable Outgoings

Strata Levies   $3,026

Council Rates $4,564

Water Rates    $1,756

Land Tax         $2,691


Perth Commercial Property welcome your enquiry on this property:
Marc Valentine
0403 309 343
Anna Valentine
0427 182 296


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