RWC WA is please to offer for sale via Expressions of Interest 11 East Parade, East Perth.
This two-level commercial building occupies a commanding position on Perth CBD fringe, situated at the intersection of Kensington Street and East Parade. The location benefits from exceptional exposure and is only 300 metres from the Graham Farmer Freeway providing direct access to major arterial roads servicing the whole of the Perth Metropolitan area. The location is well serviced with a eclectic mix of cafes and restaurants nearby, in addition to HBF and Optus Stadium and is in close proximity to public transport services.
The opportunity:
• Two level freehold commercial building
• Building area of 953.2sqm* comprising of 442.2sqm* to the ground level and 511sqm* to level one
• Land area: 1,183sqm*
• 16 open car bays
• Dual frontage with prominent exposure to Kensington and East Parade
• Good quality improvements providing flexibility for a variety of uses
• Short-term holding income of approximately $150,000p.a with ability for further upside
• Ability to owner occupy part or whole of the premise in the short term
• Zoning allows development of 2:1 (2,366sqm*) over 4 levels
• Opportunity to reposition the asset and/or improve income stream for the medium term
Sale process: Expressions of Interest closing Thursday 9 May 2024 at 4pm (AWST).
For further information or to arrange an inspection please contact:
Luke Pavlos
RWC WA
M: 0408 823 823
E: luke.pavlos@raywhite.com
Brett Wilkins
RWC WA
M: 0478 611 168
E: brett.wilkins@raywhite.com
*Approximately
Remember to mention you found this property on CommercialReady
