Leased Investment - 6.5 year W.A.L.E. Future Development Upside, Gateway to Angove Street

RWC WA are pleased to present this prominent investment situated within the heart of the Fitzgerald Street retail and dining precinct.

The building comprises a two-level structure leased to Rosemount Bowling, Pot Black and Bloodline Ink tattoo parlour. The premises is a gateway building well recognised with the current businesses having been in occupation of the premises since 1990.

Upon the expiry of the leases, the property has medium to long term redevelopment potential, with the current District Zoning allowing for future high-density development. This unique offering also benefits from the complete ownership of the adjoining laneway, further benefitting any future redevelopment and effectively granting the property dual street frontages.

Property features:
• Passing net income of $248,310 + outgoings + GST
• 6.5 year Weighted Average Lease Expiry
• Land area 1,277sqm including Exclusive ownership of adjoining bitumen laneway (207sqm)
• 4-7 level development potential
• High exposure to the intersection of Fitzgerald Street and Angove Street
• Three prominent and renowned tenants
• Directly opposite the Rosemount Hotel
• District Centre zoning
• Enviable North Perth location

For Sale via Expression of Interest campaign closing Thu 6 Mar 2025 at 4pm AWST.

For further information and to arrange inspection please contact the exclusive selling agents:

Stephen Harrison
0421 622 777
stephen.harrison@raywhite.com

Brett Wilkins
0478 611 168
Brett.wilkins@raywhite.com

*Approx

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