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BLUE CHIP CORNER HOLDING
To be sold by PUBLIC AUCTION
November 27th ,4pm
@ Shellabears Building
575 Stirling Hwy
Cottesloe (South of Jarrad St lights)
The property is securely leased to 'Daisies' and 'Studio Black'
This iconic corner property is offered for the first time since 1958. Leased till the end of the decade and located on an extremely large landholding of 847 sqm with additional laneway access - this represents 'blue chip' buying for Cottesloe. Both existing tenants run strong businesses from the property and with investment have created an unrivalled ambience on the corner of Grant and Marmion St which is a magnet for residents and visitors to the beach alike.
Located between the Grant St train station and the Grant St beach and in the middle of the North Cottesloe community, this prime corner property represents a supreme property opportunity for the astute. Sold as a 'going concern' for GST purposes - if there is one property you should covet for a long term investment in Perth's Premier beachside suburb then this would have to be it.
Contact the Auctioneer Chris Shellabear for an IM on the property.
Property features
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Toilets
2
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Floor area
202m2
Property snapshot by reiwa.com
This property at 303-305 Marmion Street, Cottesloe is a one bedroom, two bathroom house sold by Chris Shellabear and Nick Holt at Shellabears on 29 Nov 2021.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Cottesloe or see other recently sold properties in Cottesloe.
Cost breakdown
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Council rates: $5,377 / year
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Water rates: $1,860 / year
Nearby schools
Cottesloe overview
Cottesloe is a suburb revered for its relaxed beach-side lifestyle. Close to the city, yet still far enough away to not be exposed to its hyper-urban nature, Cottesloe is an ideal location for those who want the best of both worlds. Its land area spans four square kilometres and is characterised by a blend of historical and modern residences.
Life in Cottesloe
With the beach at your door step and the city centres of Perth and Fremantle a short drive away, Cottesloe's enviable lifestyle is what makes it such a desirable location. The world-renowned Cottesloe Beach stretches for 1.5 kilometres and draws a crowd from all over the state, country and world. Also in the suburb is The Cottesloe Beach Hotel, which has been a landmark destination of Cottesloe for more than a hundred years. Cottesloe Railway Station, Cottesloe Shopping Centre and Grove Plaza are other notable fixtures of the area, as are the two local primary schools and local high school.
Cottesloe quick stats
High end
$4.3m
Median
$3.5m
Low end
$2.8m
9.4 %
Annual growth
$3.5m
Annual median sales price
$1,400pw
Annual median rental price
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