ALBANY HIGHWAY EXPOSURE
- LOCATION, LOCATION, LOCATION.
This Commercial property is located in the heart of Kelmscott on Albany Highway the busiest road in Perth.
Land area is 2160 Square meters of which only approx. 420 Square meters is occupied. That section has a net income to the owner of just over $ 93.000.00 inclusive of GST for the first year, CPI increases after that. Current Zoning is District Centre Kelmscott Planning Scheme 4, Part 4 C will explain. Expansion is subject to the City of Armadale Council consideration. The indication is 50% of Building and 50% for open space such as parking.
The rear of the building also has a road frontage can be developed. With WA expanding as it is, the demand for Real Estate like that can only improve in value.
- There are 4 shops involved that have been excellent Lessee’s for many years with long leases provided. Expiry dates are from 2023 to 2030
- The future potential to expand the building or redevelop subject to the City of Armadale approval.
- Population growth in Kelmscott and surrounding areas is growing rapidly.
- Purchase price $ 1,500.000.00 no GST as it is a going concern.
Contact Albert Kramer to inspect, you will NOT be disappointed.