4 Progress Street, Morley WA 6062
UNDER OFFER
Retail
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Outstanding Retail Leased Investment
+ 4 Retail tenants across 5 strata lots
+ Approximately $178,014pa net rent
+ Between Galleria Shopping Centre and Coventry Village Markets
+ Future redevelopment potential
Features
+ Morley City Centre
+ Zoned Centre – Central Core Precinct
+ Highly sought after Food and Beverage Precinct
+ Adjacent to Galleria Shopping Centre
+ Opposite Coventry Village Markets
+ 697sqm Land holding
Tenancy Details
Lots 1 & 2: 146sqm
Phong Dinh Vietnamese Cuisine
Current Rent $68,236pa + Outgoings + GST
Lease Expiry 30/6/2025
CPI Rent reviews
Lot 3: 73sqm
Café Mullberries
Current Rent $33,796pa + Outgoings + GST
Lease Expiry 6/4/2025 + 5 Year Option
CPI Rent Reviews
Lot 4: 73sqm
K.I Persian & Middle Eastern Grocery
Current Rent $33,141pa + Outgoings + GST
Lease Expiry 30/6/2025 + 5 Year Option
CPI Rent reviews
Lot 8: 101sqm
Sakanaya Takumi Japanese Restaurant
Current Rent $42,840pa + Outgoings + GST
Lease Expiry 30/9/2028 + 5 Year Option
CPI Rent reviews
For further information please contact the Exclusive Selling Agent.
Property features
-
Land area
697m2
-
Floor area
393m2
Property snapshot by reiwa.com
This commercial property at 4 Progress Street, Morley is listed for sale by Ben Flanagan at Burgess Rawson.
It has been described by the agent as ‘Outstanding Retail Leased Investment’.
If you would like to get in touch with Ben Flanagan regarding 4 Progress Street, Morley, please call 0405 929 167 or contact the agent via email.
