RWC WA is pleased to present for sale 161 Great Eastern Highway, Belmont - a high-exposure, income-producing commercial asset positioned within Perth's tightly held inner-east corridor.
The asset:
• 3-level office building | Recently refurbished
• 1,908sqm of NLA*
• 54 on-site car bays
Income:
• 2 current tenants (1x new 8 year lease signed, 1x expiry on Nov 2027)
• Net Income $173,712* p.a + GST
• Potential Fully Leased Market income $408,212*p.a + GST
Site highlights:
• 3,430 sqm land area
• Extensive highway frontage (~53.7 sqm to Great Eastern Hwy)
• High exposure to over 60,000 + vehicles per week.
• Only minutes to Perth CBD, Perth Airport, Tonkin Highway, and the Great Eastern Highway corridor
• CBD and River views
• Low-vacancy, high-demand precinct
Value Propositions:
1) Reversions
- Significant rental potential on 1x 526 sqm vacancy
- Reversion on 1x upcoming expiry
2) Owner Occupation
- Occupy the vacant tenancy (Top floor, Level 3, 526 sqm)
3) Redevelopment:
- Zoned 'Mixed Business'
- Broad range of future uses or redevelopment outcomes (STCA)
- Redevelopment/Refurbishment clauses in leases enable facilitating vacant possession
Offers Invited from $5,400,0000
This opportunity is ideal for investors, developers, and owner-occupiers alike.
Contact exclusive selling agents:
Brett Wilkins
0478 611 168
Luke Pavlos
0408 823 823
*approx
Remember to mention you found this property on CommercialReady
RWC WA is pleased to present for sale 161 Great Eastern Highway, Belmont - a high-exposure, income-producing commercial asset positioned within Perth's tightly held inner-east corridor.
The asset:
• 3-level office building | Recently refurbished
• 1,908sqm of NLA*
• 54 on-site car bays
Income:
• 2 current tenants (1x new 8 year lease signed, 1x expiry on Nov 2027)
• Net Income $173,712* p.a + GST
• Potential Fully Leased Market income $408,212*p.a + GST
Site highlights:
• 3,430 sqm land area
• Extensive highway frontage (~53.7 sqm to Great Eastern Hwy)
• High exposure to over 60,000 + vehicles per week.
• Only minutes to Perth CBD, Perth Airport, Tonkin Highway, and the Great Eastern Highway corridor
• CBD and River views
• Low-vacancy, high-demand precinct
Value Propositions:
1) Reversions
- Significant rental potential on 1x 526 sqm vacancy
- Reversion on 1x upcoming expiry
2) Owner Occupation
- Occupy the vacant tenancy (Top floor, Level 3, 526 sqm)
3) Redevelopment:
- Zoned 'Mixed Business'
- Broad range of future uses or redevelopment outcomes (STCA)
- Redevelopment/Refurbishment clauses in leases enable facilitating vacant possession
Offers Invited from $5,400,0000
This opportunity is ideal for investors, developers, and owner-occupiers alike.
Contact exclusive selling agents:
Brett Wilkins
0478 611 168
Luke Pavlos
0408 823 823
*approx
Remember to mention you found this property on CommercialReady
161 Great Eastern Highway, Belmont, WA, 6104
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