20/40 St Quentins Avenue, Claremont WA 6010

• Located in St Quentins complex corner of Stirliing Highway, Stirling Road & St Quentins Avenue
• TOTAL STRATA AREA 181sqm
• Fully leased to popular Momos & More Nepalese Restaurant
• Business running well with Husband (Chef) and Wife (Accountant) Owners
• Complex comprised of 63 Residential Apartments and 20 Commercial Units
• Same freehold owner since bought off plan in 2007
• NEW LEASE 3 Years with 3 YEAR OPTION COMMENCING 1st April 2025
• Rent $69,000 per annum plus gst
• Lessee pays all outgoings of $12,469 per year
• Two Secure Car Bays include in rent
• ALL OUTGOINGS PAID BY LESSEE consisting of
Claremont Council Rates $4,058 PA
Watercorp $2,220 PA
Strata Levies $ 6,191 PA
• Rent increase CPI annually and to market on exercise of 3 year option
• Plant and equipment list owned by Lessor will be provided
• All plant and equipment maintained by tenant
• Use of gymnasium and pool available to tenant
• Operating Hours 7am to 10pm everyday
• Security Bond of $20,000 in place

ZONING TOWN CENTER permits conversion to RESIDENTIAL subject to Town of Claremont Approval
and Strata Company approval. Council of Owners have have voiced their support for residential
conversion should it be formally submitted,
Sold as going concern with lease in place hence not subject to GST

FUTHER DETAILS
Contact Owner / Agent MURRAY PETER 0411188825 email murray@mackhall.com.au