198 Brookton HighwayKelmscott WA 6111
Property Details for 198 Brookton Hwy, Kelmscott
Last Listing description (October 2024)
Rare investment/owner occupier opportunity in the Brookton Valley in Kelmscott with 2 existing tenants and a vacant tenancy.
Well known community eateries.
Land Area 3058m2
Zoned - Commercial - Local Centre
Brick construction, extremely well presented and is in a beautiful valley setting.
UNITS 1 & 2
(Brookton Burgers)
Area 142m2 (68m2 + 74m2)
Lease term 5 years
Expires 21/3/2027
Options Nil
Current Rent $23,346pa + GST + variable outgoings
Rent Increases annual 2 % per annum fixed
UNIT 4
(Lifang Valley Chinese)
Area 150m2
Lease Term 5 year + 2 x 3 year options
Expires 31/08/2026
Current Rent $30,467pa + GST + variable outgoings
Rent Increases Annual 2 % fixed increase with Market rent review on commencement option
UNIT 2
(Vacant)
Area 271m2 restaurant /retails area
83m2 storage area
Potential Rent $40,000 + per annum
This unit was previously a restaurant and other than the stoves is still set up for this type of business
Reception counter
Reverse Cycle a/c
Cool room & freezer
Dry store and Pizza oven as well.
Male/Female & ambient toilets
Kitchen area with Exhaust fans and gas connections
Fully leased the property will produce in the range of $93,000 to $95,000 per annum net (approx)
Buy as an investment or run your own business and have the other tenancies paying rent.
As a bonus the property is also strata titled so this provides an added attraction to this investment as units could be sold off independently to assist liquidity if required in the future.
Contact Mike Dunsmore on 0413 754 110 to arrange a viewing of this property.
Property History for 198 Brookton Hwy, Kelmscott, WA 6111
- 04 Sep 2024Sold for $1,200,000
- 17 Jun 2024Listed for Sale $1,500,000 plus GST if applicable
- 13 Nov 2019Listed for Sale Expressions Of Interest
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About Kelmscott 6111
The size of Kelmscott is approximately 15 square kilometres. It has 30 parks covering nearly 33.1% of total area. The population of Kelmscott in 2011 was 10,019 people. By 2016 the population was 10,496 showing a population growth of 4.8% in the area during that time. The predominant age group in Kelmscott is 20-29 years. Households in Kelmscott are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelmscott work in a trades occupation. In 2011, 71.2% of the homes in Kelmscott were owner-occupied compared with 70.3% in 2016.
Kelmscott has 5,686 properties. Over the last 5 years, Houses in Kelmscott have seen a 141.80% increase in median value, while Units have seen a 80.85% increase. As at 30 September 2024:
- The median value for Houses in Kelmscott is $649,134 while the median value for Units is $416,469.
- Houses have a median rent of $580 while Units have a median rent of $520.
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