Sold
273 Mill Point Road, South Perth WA 6151
Sold price: $2,525,000
Sold: 18 May 2024
Sold
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Landsize 721m2
Land
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An Exclusive Chance to Own a Premier Property in an Iconic Location.
I am proud to present an exceptional opportunity to acquire a notable landmark property zoned for local commercial use, standing on a coveted parcel of land.
This property represents an exceptional investment opportunity due to its strategic business location with significant potential and its role as a legacy within the lively community of South Perth. Situated near the Swan River foreshore enhances its appeal, offering a view of the city from the ground and the promise of even more spectacular river and city views from a potential second storey.
PROPERTY HIGHLIGHTS :
• Premier location with iconic restaurant "Ciao Italia" as the long term tenant
• Generous Green Title land size of 721sqm
• Current zoning of Local Commercial / R40 under TPS6
• Proposed zoning of Local Centre / R40 under LPS7
• Ample parking available for customers
CURRENT LEASE TERMS:
• "Ciao Italia" have a lease until 30th April 2029.
• Current rent : $163,298.16 PA + GST + VARIABLE OUTGOINGS.
LAND RATES : $7,796.00 pa does not include Waste
WATER RATES : $2,492.05 pa
This iconic commercial property presents an unparalleled opportunity for investors or business proprietors seeking a prestigious location in South Perth. An offer like this providing a rare once in a life time chance to invest in a prime piece of real estate, is bound to draw significant attention.
For those interested in securing the renowned site contact Lisa Mann on 0402 089 908.
Property features
Listing snapshot by reiwa.com
This land listing located in South Perth was sold by Lisa Mann at Acton | Belle Property South Perth & Victoria Park.
If you would like to get in touch with Lisa Mann regarding 273 Mill Point Road, South Perth, please call 0402 089 908 or contact the agent via email.
Cost breakdown
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Council rates: $7,796 / year
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Water rates: $2,492 / year
Nearby schools
South Perth overview
Envied for its beautiful riverside positioning, South Perth's affluent lifestyle provides breathtaking views from numerous vantage points within its five square kilometre land area. The established suburb has a commercial area within its boundaries, as well as significant parkland sections along the foreshore.
Life in South Perth
South Perth is rife with places to visit as well as restaurants, reserves and gardens, with perhaps its most notable feature being the Perth Zoo. Among its numerous dining establishments, Coco's on the foreshore is the most exclusive and takes full advantage of the gorgeous surrounding river views. The Windsor Hotel, Bar & Restaurant is a popular fixture of the suburb as is the Royal Perth Golf Club.
South Perth quick stats
High end
$2.7m
Median
$1.8m
Low end
$1.5m
-3.1 %
Annual growth
$1.8m
Annual median sales price
$850pw
Annual median rental price
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