13 Gill Street, Mosman Park WA 6012
Price on Application
-
3 Bedrooms
-
3 Bathrooms
-
Landsize 470m2
House
View
ICONIC LOCAL LANDMARK
** INSPECTIONS ARE WELCOME AND AVAILABLE OVER THE FESTIVE SEASON AND NEW YEAR **
Available for the first time in almost 40 years, this local icon is a unique proposition offering a generational opportunity. Contact the Agent - Nick Holt - for the detailed IM.
A fully leased freehold investment, there are multiple income streams made up of 2 very well established and long-term leases on the commercial elements and also a residential component.
This property has been servicing the local community since 1910 as a corner store and in 2009 was given a major redevelopment and extension completely reinvigorating the property and focusing its use as a Local Cafe. The works were completed by the awarded local builder John Challen, and designed by the awarded architect Peter Van Rhyn, with no expense spared to ensuring the property will service the community for the next 100 years. This included all new services (and fire service) and a suspended slab to make any future plumbing changes easy to achieve with minimal disruption. An inground roof water storage tank was installed to capture and use water onsite.
As the property stands, there are 3 tenancies: Firstly the lease to the local landmark café, secondly the residential unit, and thirdly the basement storage. The zoning is R40 which allows for further development on the site with subdivision a possibility. The Permitted Use is café/deli and also residential. The storage and the residential apartment could be combined to create a townhouse as an example (STCA). This area could be subdivided if required for future benefit. A great way to offer alternate family accommodation as the children leave home. The opportunities here on the border of Peppermint Grove are fantastic.
Given the various components of the property, it will suit a myriad of various purchasers. It works incredibly well as an asset which diversifies a local portfolio, or those who are looking to invest in a local investment they can call their own!
For full details and lease information, please get in touch with the exclusive Agent - Nick Holt.
Property features
-
Toilets
3
Property snapshot by reiwa.com
This property at 13 Gill Street, Mosman Park is a three bedroom, three bathroom house listed for sale by Nick Holt at Shellabears.
For more information about Mosman Park, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Mosman Park profile page.
If you would like to get in touch with Nick Holt regarding 13 Gill Street, Mosman Park, please call 0477 443 996 or contact the agent via email.
Ready to progress?
Organise your gas connection
Switch or stay with Kleenheat
Track this property
Track propertyNearby schools
Mosman Park overview
Home to some of the most exclusive properties in Perth, Mosman Park also has some industrial and commercial infrastructure. Flanked by numerous beautiful parks and with views of the Indian Ocean and Swan River to the west and east, the affluent town is something of an aspirational focal point for lovers of architecture.
Life in Mosman Park
Located along Stirling Highway, Mosman Park offers a unique ocean-side and river-side lifestyle few suburbs within Perth can boast. The suburbs largest industry is said to be its education establishments with six schools (two of which have boarding facilities) within the area. Recreational facilities are another fixture of Mosman Park with lawn bowls, football, soccer, tennis, cricket, netball and the performing arts all catered for within the town's boundaries.
Mosman Park quick stats
High end
$2.7m
Median
$2.1m
Low end
$1.6m
-3.0 %
Annual growth
$2.1m
Annual median sales price
$950pw
Annual median rental price
