18 Muriel Avenue, Innaloo WA 6018

Neighbourhood Retail Precinct Site with Development Potential.

• DEVELOPMENT POTENTIAL/CORNER SITE.
• ONE AREA LEASED, ONE AREA VACANT.
• THREE STREET FRONTAGES.

Ron Farris Real Estate as exclusive agents are pleased to present to the market for sale 18 Muriel Avenue, Innaloo.

Property Highlights

- Green title corner site with an area of 754 m2* located within the thriving Muriel Avenue neighbourhood retail precinct.

- Perfectly located within the keenly sought after northern suburb of Innaloo and surrounded by Medium Density R40 residential properties.

- Surrounding deep pool from which to draw clientele/consumers for property's Tenants or future owner occupier.

- Development potential to 3 storeys comprising ground floor commercial and 2 storeys of residential subject to local shire and all other required approvals.

- Multiple street frontage site to Muriel Ave, Thrall St and Azurite Lane.

- Building 1. Deli/Lunch Bar/House. Available now with vacant possession. Suit owner occupier or investor with the view to securing a new Tenant.

- Deli/Lunchbar comprises seating area, kitchen/prep area and retail zone.

- House comprises entry/dining area, lounge/family room, 4 bedrooms, sleepout, kitchen, laundry, shower/bath/toilet area, backyard with outdoor toilet, access to Muriel Ave via roller door, yard paving and raised deck.

- Building 2. Real Estate Agent occupying a building area of 124.73 m2*. Commercial Lease expiring 31.12.2027 no further options. Annual rental reviews to the greater of market or 4%, current net passing rental $33,600 pa plus GST.

- Real Estate Agent's area comprises reception/waiting room, board/meeting room, 3 offices with 1 office containing multiple workstation areas, kitchenette and male and female facilities.

- Zoned Local Centre under the City of Stirling Local Planning Scheme No. 3, suit many uses.

This property will suit the investor or future owner occupier looking to add a superbly located asset underpinned with development potential (subject to approvals) to their property portfolio.

For further information, please contact the exclusive listing agent via the details below

* Approximate Area Only.