INVESTORS have an exceptional opportunity to purchase a strip of shops that are fully leased to national tenants as 236 Main Street in Osborne Park goes under the hammer.
Producing a net income of $218,900 per annum plus GST plus outgoings, the asset comes on 1,216sq m* of land, with a 624sq m* lettable area.
The property is being marketed and sold by Ray White Commercial (WA) Joint Managing Director Stephen Harrison and Sales and Leasing Agent Tom Jones.
“In a tightly held premium location, this green titled strip of shops is fully leased to national brands, and is offered for sale for the first time in nearly 20 years,” Mr Harrison said.
“Proposed future rezoning will also allow for a high density development of four to five levels.”
“Main Street is a beacon for lovers of multicultural cuisine with restaurants, cafés, and shops lining the lively street,” Mr Jones said.
“The Osborne Park industrial area is a significant feature within the suburb, housing showrooms, retail outlets, and business offices.
“The residential sectors of Osborne Park enjoy numerous small recreational parks, while Herdsman Lake is a large area of open space that attracts both locals and visitors.
“Also in the suburb is a number of recreational facilities such as gymnasiums and indoor sporting centres, as well as a local primary school.
“The tenants are Bankwest, Wok in a Box, Subway, and Australia Lending Club and the auction will take place at 09.00am (AWST) on Wednesday 03 December.”