INVESTORS and owner-occupiers have an incredible chance to purchase a supreme prime retail opportunity as 14 Bay View Terrace in prestigious Claremont goes under the hammer.
The property, that comes with 131.7sq m* building area on a 202sq m* land size, is a single storey retail freehold building boasting an exceptional and high-exposure location.
The asset is being marketed and sold by Ray White Commercial (WA)’s Brett Wilkins, in conjunction with Luke Pavlos of Lease Equity.
“Bay View Terrace in Claremont is, without doubt, the very best retail strip in Perth,” Mr Wilkins said.
“This opportunity is sure to attract both locals and eastern state buyers wanting to take advantage of historic low interest rates and the higher yields in Perth as a result of the surging WA economy.
“It’s in the heart of the Bay View Terrace shopping strip, boasting fantastic exposure, and is directly opposite the renowned Claremont Hotel and the main entrance to the Claremont Quarter.
“The precinct boasts some of Australia’s best retailers including David Jones, Coles, Rebel Sport, JB Hi-Fi, Westpac, Commonwealth Bank, Bunnings, Rebel Sport, Zomp, Kookai, Marie Claire, Koko Black, Mimco, Cos, and many more.
‘It’s highly accessible to public transport with Claremont train station at the top of the street, has on-street parking, and is surrounded by an affluent demographic, popular cafés, restaurants, world-class retailers, and other amenities.
“Another appeal is the fact the property has had a new shop front installed and has rear laneway access which allows for potential dual activation. We’re expecting a lot of interest in this one.”
“This property represents a fantastic opportunity for both owner-occupiers or investors to capitalise on the positive sentiment surrounding Claremont,” Mr Pavlos said.
“The successful completion of world-class lifestyle precincts such as Claremont on the Park has generated an influx of residents and further vibrancy to the locality. With further developments proposed nearby, Claremont is only going to continue to get better.”
The auction will take place on Thursday 3 December 2020 at 09.00 (AWST).