Offices for Sale

573 Canning Highway Alfred Cove, WA 6154

Offers from $4,000,000

Building: 967m²
Land: 1,428m²

Contact the agent if you'd like further information.

Enquire with Agent

Offices for Sale in Alfred Cove

Commercial Investment with strong income and value-add capacity, and is ideal for partial owner occupiers!

Building: 967m²
Land: 1,428m²

Next Steps:

Enquire with agent

A rare and unique opportunity exist to acquire this modern professional centre with significant value-add capacity!

Positioned within an affluent riverside suburb and prominently fronting Canning Highway, the property comprises a substantial three-storey professional centre with strong existing income, immediate lease-up potential and longer-term repurposing, expansion or higher redevelopment upside.

Set on a 1,428m²* freehold landholding, the modern building provides 967m²* of net lettable area plus common building core amenities, lift access, a generous 31 car bays and additional lock-up garage / storeroom areas.

The property is substantially leased to a mix of professional and service-based tenants, with additional income secured from rooftop telecommunications infrastructure leased to Telstra and Optus. With approximately 396m²* currently vacant, there is a clear opportunity to improve the income.

With a short WALE and existing vacancy, the property also provides a future pathway for owner-occupiers seeking to secure a prominent freehold premises while benefiting from holding income in the interim.

Property Features:

1,428m²* freehold landholding
967m²* net lettable area
1,292m²* gross building area
Three-storey professional centre with lift access
31 marked car bays plus garage / storage areas
Substantially leased with diversified income stream
Rooftop telecommunications income from Telstra and Optus
Approximately 396m²* vacant, providing immediate income upside
Current net income of $202,046.81pa*
Potential fully leased net income of $349,278.81pa*
Short WALE providing future occupation potential
Centre C4 / Residential zoning with future mixed-use redevelopment potential
Prominent Canning Highway exposure with rear access

Sale Details:
From $4,000,000

For further information or to arrange an inspection, please contact:

Lachlan Burrows
0499 552 296
lachlan.burrows@raywhite.com

Michael Milne
0403 466 603
michael.milne@raywhite.com

Tom Jones
0478 771 117
tom.jones@raywhite.com

*Approx.

Building:

967m²

Land:

1,428m² / 0.35 acres

Zone:

C4 Central Zone

Tenancy:

Tenanted

Categories:

Offices, Medical/Consulting, Other

Next Steps:

Enquire with agent

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Investment Information

Tenancy Status:

Partially Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply