660 Great Northern Highway

Herne Hill WA 6056

Welcome to the Swan Valley, Western Australia's oldest wine region and premier visitor destination.There are very few opportunities in the Swan Valley where Retail Shops have been approved. A full range of uses for this property can be found in the information memorandum.This site offers astute investors and or occupiers the ability to put your own mark on the Swan Valley.The site boasts a total floor space of 1,134 sqm*, and is situated on a land area of 8,650 sqm* on a prime corner location on Great Northern Highway, Herne Hill.INVESTORS - For those seeking a leased investment, this is a fantastic opportunity within a multiple tenancy complex. This is further enhanced by quality construction and the estimated depreciation schedule for the complex. Given the age of the building the property has a significant estimated deprecation schedule The current passing rent income shows a yield of 6.75% with a substantial rent increase built into one lease in 2026There is further rent increases opportunity once the remaining single tenancy is leased.There is the opportunity to consider as well what future strata titling could bring. This site has a range of leases in place and current businesses on-site are:- Caladenia Beauty - professional beauty treatments- Champaign & Gumboots - quality gluten free baked sweets & more- ShaBO Photography Studio - boutique studio experience & heirloom images- Stone Art Hair - stylish hair salon offering a 5 star salon experience- Damaged Goods Distilling Co - small batch and hand crafted spirits- The Tribe lifestyle retail shop offering fashion, gifts, jewellery & home wares- LindaCare - and NDS businessMore information re the shops at Swan Valley Central can be found here http://www.swanvalleycentral.com.au/In close proximity to major arterial road networks Reid Highway, Roe Highway, and Great Eastern Highway encourages excellent drive-by from clientele. This high profile location has a weekly average daily for passing traffic volume of over 14,500* vehicles per day (Source Main Roads 2023-24). The site also offers local passing trade from the three local schools and the Swan Settlers Market.There are so many other advantages, as the Swan Valley is located centrally to benefit from rapid population growth in surrounding suburbs forming part of the City of Swan's 1,100-hectare Urban Growth Corridor. The Swan Valley is a renowned visitor destination, and the site is near many popular wineries, breweries, distilleries and restaurants, as well as specialty attractions including Whistlers Chocolate Factory, Mondo Nougat, Morish Nuts, House of Honey and many more.For further information including rental income, lease terms and full Information memorandum please contact Cambell Giles *Approximate.