FOR SALE
Sale Price Unavailable

1 & 2/251 Adelaide Terrace
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 429m2
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COMMERCIAL LEASED INVESTMENT

SUMMARY:
• Location made up of two separate commercial Strata Lots, (Lots 1 and 2).
• The two Lots encompass; Bar/Restaurant area of 292 sqm, plus Alfresco area of 100 sqm facing Adelaide Terrace.
• Plus 2 leased car bays and 2 leased storerooms. (37sqm).
• (Total NLA 429 sqm).
• Currently leased to the Glassy Junction Bar & Restaurant.
• Current outgoings estimated at $140 sqm per annum + GST (paid by tenant).
The location of the property on the river side of the Terrace with its unique current zoning of Bar/Restaurant, Retail and Commercial office use, optimises future leasing opportunities if required.
A property on the ground Level of this high rise building with direct street frontage along one of the main streets of Perth, Western Australia has to be a premium 5-star investment opportunity for any astute investor.
The Perth City Council has actively encouraged the expansion and development of multi-level residential living as well as commercial and retail growth. The overall office building currently enjoys 10,020 sqm of net lettable area for Owner Occupiers and commercial tenants.
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Property Details for 1 & 2/251 Adelaide Tce, Perth

Building Type
Commercial
Floor Size
429m2

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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.

Perth has 11,727 properties.

    There are currently 160 properties listed for sale, and 97 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 783 properties were sold in the past 12 months in Perth.

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    Darrell Crouch
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