A jewel in Burswood: centrally located investment with sky high development upside

Under instructions from HLB Mann Judd Insolvency WA, RWC WA proudly presents a fantastic opportunity to secure a prominent investment, with significant development up-side in the centrally located suburb of Burswood, just a stones throw from Crown Casino and Optus Stadium.

This exceptional property comprises three contiguous landholdings of 613sqm* each improved with single level showroom/warehouses ranging in size from 232sqm* to 263sqm*. Three of the units are currently occupied by long term and upstanding tenants with a current passing income of $135,500 per annum, which will increase with the up letting of the vacant tenancy.

The property benefits from its central location within the Burswood Causeway Precinct, which is ear-marked for future high-density development. The current zoning allows for a mixed use commercial/residential development of up to six storeys (STCA). With a severe housing shortage in the Perth metro market, and no signs of improving, any such development would likely be greatly welcomed and endorsed.

The properties are offered for sale individually or as a whole, providing a fantastic opportunity for buyers to purchase and occupy or secure a set and forget investment. Alternatively, all three sites in one line would allow a developer to secure a prominent mixed use site with holding income in an ever expanding high rise location.

Property features include:
• Land area: three lots of 613sqm* with a total landholding of 1,839sqm
• Passing income $135,500*
• Lettable area range: 232sqm* - 263sqm*
• Short term leases
• Currently at 75% occupancy
• Prominent location in the Burswood Causeway precinct
• Stones throw from Crown Casino and Optus Stadium

For further information or to arrange an inspection please contact the agents:

Chris Matthews
RWC WA
0413 359 315
chris.matthews@raywhite.com

Brett Wilkins
RWC WA
0478 611 168
brett.wilkins@raywhite.com

*approx

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