Leased Investment in the Heart of the Park!
- Opposite the Victoria Park Hotel
- Long term established tenant
- Room for rental growth!
Small green title blocks on Albany highway such as this are rare and provide an affordable entry into a highly sought after retail location. 610 Albany highway enjoys a shop front metres from busy Albany highway and is opposite the Victoria Park hotel providing maximum exposure to potential patrons.
The existing tenant "Elie's Tent" have occupied the property for some 20 years and have a lease until July 2023. The current rental is approximately $46k p.a. Plus GST plus outgoings. The existing lease provides certainty for investors however an opportunity to take advantage of greater rental returns will be possible upon lease expiration. Alternatively the property presents a future owner occupier with a "Restaurant Ready" opportunity.
In any event the future purchaser will be setting themselves up for a solid long term investment in a locality that has enjoyed good consistent growth. Please Contact Cameron Porter or Bruce Porter on (08) 9470 9700 for further information.