SOLD
RECENT ADVICE
Sold on 06 Sep 2024 for $1,001,000

60/255 Adelaide Terrace
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 129m2
Land area: 190m2
Sold By
Michael Edwards
EMG X
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Property Details for 60/255 Adelaide Tce, Perth

Building Type
Commercial
Year Built
2002
Floor Size
129m2
Land Size
190m2
Local Government
Perth
Lot/Plan
60/S042435

Last Listing description (October 2024)

Opportunity KnocksManhattan Towers Cafe OpportunityWHY LEASE WHEN YOU CAN BUY?Interested Parties - Viewing OpportunityBy appt only - must contact Michael on 0412 470 468 to arrange a viewingEndless possibilities to grow your market exist with this centrally located commercial opportunity within a short walk of the CBD, Swan River and Langley Park.With a price guide of Asking $1,000,000 ono (wiwo), this property is perfect for those looking to expand their portfolio or start a new business venture. The property also boasts other features such as being part of an apartment building (think ready made customer opportunities), modern architecture to enhance the 'feel' potential customers will associate with an operating business, and close proximity to a variety of businesses and office buildings to create a plethora of potential customer base opportunities for the savvy marketer.Located in the heart of Perth, this retail property features an overall floor/land area of 190 sqm including the 60sqm of external undercover area and an internal building area of 129 sqm. The very impressive & unique building at Manhattan Towers was constructed in 2002 as a primarily residential building consisting of multiple level residential units and one ground floor commercial unit - that being Baker's Terrace cafe/restaurant. Outstanding Benefits:- Baker's Terrace - the name has in the past been established as a popular eatery for local business employees (known to local customer base)- High profile building of Manhattan Towers - easily recognisable landmark to help build a brand- Located at the foyer entry to the residential complex - excellent opportunity with potential clientele walking past every day of the week!- Elevated alfresco area - whilst sitting at street level is generally fine it goes without saying that an elevated aspect can be highly appealing- Full width folding glass doors to the servery area - ability to open internal floor space to combine with the alfresco during operating hoursProximities - Amazing Opportunities- Perth Concert Hall - approx 200m provides a huge opportunity for the savvy business owner (I for one often look for a nearby eatery prior to or following a concert from one of the many world class entertainers who perform there )- River Foreshore - approx 425m, think cup of coffee, light meal, lunch or dinner followed by a stroll along the river - Langley Park - approx 260m another showcase opportunity to provide a much needed eating venue before attendees stroll to the many public events staged by the City of Perth in the area- Multiple 3, 4 & 5 Star Hotels - The Duxton, Mercure, Novotel, Pan Pacific & others within a 250m to 300m radius (what an opportunity)- Royal Perth Hospital, St Mary's Cathedral - within 400m, imagine making your business the perfect 'go-to' spot for these visitors & employees- Supreme Court Gardens - within 600m, another prime venue where visitors could enjoy your culinary delights with a perfect distance to stroll & walk off a satisfying meal- .........so many more landmarks & businesses with endless opportunities for the astute business operator to take advantage of the superb central positioning of Manhattan Towers & Baker's Terrace - for me the Perth Concert Hall alone could be a massive source of loyal clientele with the regular attendees (not to mention the 50 + units contained within the building itself - the majority of who's occupants will pass your business every single day!).Note: I have personally stood in the foyer for an hour with what seemed to be an endless (almost relentless) flurry of Uber Eats delivery persons arriving to provide food and drinks to the residents of Manhattan Towers! Food for thought: imagine harnessing that potential alone, the opportunities are truly staggering for the discerning business opportunist/entrepreneur I think you will agree.Don't miss out on this rare opportunity to own an appealing commercial property in a central near river area. Call Michael Edwards on 0412 470 468 for further information.

Property History for 60/255 Adelaide Tce, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$1,001,000
06 Sep 2024
Listed for Rent
$958/w
08 Oct 2024
  • 06 Sep 2024
    Sold for $1,001,000
  • 01 May 2024
    Listed for Rent - Price not available
  • 22 Mar 2024
    Listed for Sale Asking $1,000,000 ono
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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 11,657 properties. Over the last 5 years, Houses in Perth have seen a 31.76% increase in median value, while Units have seen a 44.24% increase. As at 30 September 2024:

  • The median value for Houses in Perth is $1,018,196 while the median value for Units is $548,283.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 162 properties listed for sale, and 72 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 810 properties were sold in the past 12 months in Perth.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.