197-205 Brisbane Street, Perth WA 6000

CORNER THE MARKET

MULTI-LOT SALE: 5 Ground floor Strata lots on the corner of Brisbane Street and Lake Street PERTH WA 6000.

Lots 1, 2 & 3 are currently leased to two restaurants requiring a buyer to buy all 3 lots as a bundle. One tenant is on a monthly lease allowing an Investor to renegotiate a new lease or an owner-occupier to purchase and occupy the restaurant.

The lots feature corner exposure to Brisbane Street and Lake Street with a combined street frontage of approximately 40sqm.

Combined Strata Area: 375sqm
Lot 1 & part lot 2: Leased to 'Phi Yen Vietnamese' on a monthly holdover.
Lot 3 & part lot 2: Leased to "Peasants Paradice" expiring 30 Nov 2025 with 5-year option to renew.
Combined Rent: $116,523.54 pa net + GST
Outgoings: $25,762.00 pa + GST
Price: All Offers Invited

Lot 4 is currently leased to "Hair Boss" who have operated from the premises since Aug 2012 (11+ years). The current tenure expires on the 19th of August 2027 with a 5-year option to renew. The property features direct street exposure to Lake Street.

Strata Area: 85 sqm
Current Rent: $35,803.21 pa net + GST
Outgoings: $9,221.00 pa + GST
Price: All Offers Invited - closing 21 March 2024

Lot 5 is being sold with vacant possession. This is a fantastic opportunity for an owner-occupier to secure a tenancy in a high-profile location that has good exposure. The property will suit a large variety of operators including but not limited to café, Food, Retail and office (STCA)

Strata Area: 86 sqm
Price: All Offers Invited

All Strata Lots are zones Local Centre under the City of Vincent Town Planning Scheme No.2

All Strata Lots are being sold by an Offers Invited.

Contact Shannon, Jonathan or Con to arrange an inspection or to request a detailed IM Report...