273 Mill Point RoadSouth Perth WA 6151
Property Details for 273 Mill Point Rd, South Perth
273 Mill Point Rd, South Perth is a 0 bedroom, 0 bathroom House and was built in 1940. The property has a land size of 718m2 and floor size of 224m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 0 bedroom House sold in South Perth in the last 12 months.
Last Listing description (August 2024)
An Exclusive Chance to Own a Premier Property in an Iconic Location.
I am proud to present an exceptional opportunity to acquire a notable landmark property zoned for local commercial use, standing on a coveted parcel of land.
This property represents an exceptional investment opportunity due to its strategic business location with significant potential and its role as a legacy within the lively community of South Perth. Situated near the Swan River foreshore enhances its appeal, offering a view of the city from the ground and the promise of even more spectacular river and city views from a potential second storey.
PROPERTY HIGHLIGHTS :
? Premier location with iconic restaurant "Ciao Italia" as the long term tenant
? Generous Green Title land size of 721sqm
? Current zoning of Local Commercial / R40 under TPS6
? Proposed zoning of Local Centre / R40 under LPS7
? Ample parking available for customers
CURRENT LEASE TERMS:
? "Ciao Italia" have a lease until 30th April 2029.
? Current rent : $163,298.16 PA + GST + VARIABLE OUTGOINGS.
LAND RATES : $7,796.00 pa does not include Waste
WATER RATES : $2,492.05 pa
This iconic commercial property presents an unparalleled opportunity for investors or business proprietors seeking a prestigious location in South Perth. An offer like this providing a rare once in a life time chance to invest in a prime piece of real estate, is bound to draw significant attention.
For those interested in securing the renowned site contact Lisa Mann on 0402 089 908.
Property History for 273 Mill Point Rd, South Perth, WA 6151
- 17 May 2024Sold for $2,525,000
- 28 Mar 2024Listed for Sale Not Disclosed
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About South Perth 6151
The size of South Perth is approximately 5.2 square kilometres. It has 20 parks covering nearly 28.6% of total area. The population of South Perth in 2011 was 11,990 people. By 2016 the population was 12,060 showing a population growth of 0.6% in the area during that time. The predominant age group in South Perth is 20-29 years. Households in South Perth are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Perth work in a professional occupation. In 2011, 51.5% of the homes in South Perth were owner-occupied compared with 54% in 2016.
South Perth has 8,607 properties. Over the last 5 years, Houses in South Perth have seen a 58.17% increase in median value, while Units have seen a 49.33% increase. As at 31 October 2024:
- The median value for Houses in South Perth is $1,707,935 while the median value for Units is $719,884.
- Houses have a median rent of $965 while Units have a median rent of $650.
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