The sale was negotiated by Stephen Harrison and Brett Wilkins of RWC WA.
The building, home to much-loved tenants Pot Black and Rosemount Bowl, has been purchased by an investor who wishes to secure the long term presence of the businesses in the building.
The 1,317sqm two-level commercial building sits on a 1,277sqm site and is fully leased to three long-standing tenants.
The sale reflects a 6.7 per cent yield, with long term leases and further options in place.
“This building is more than bricks and mortar, it’s a North Perth institution,” said Stephen Harrison.
“It’s rare to find a property of this size and character, with secure long-term tenants, in such a prime location.”
Positioned on the bustling Fitzgerald Street retail and dining strip, the building is directly opposite the Rosemount Hotel and 150 metres from North Perth Plaza.
The surrounding suburb, 2km from the Perth CBD, is a vibrant inner-urban hub known for its mix of residential dwellings, cafes, and entertainment venues.
“There’s a real sense of buzz in North Perth,” said Brett Wilkins.
“The property’s quirky and nostalgic nature, anchored by entertainment venues like Rosemount Bowl and Pot Black, makes it truly unique. It's not just a commercial space; it’s part of the community’s social fabric.”
Ray White Commercial WA continues to see strong interest in well-located commercial assets, particularly those with established tenants and solid lease profiles.
