Sold
77 Frobisher Street,
Osborne Park 6017, Western Australia
$2,175,000
Property details
-
Agents
Lucky number 77
RWC is pleased to present for sale 77 Frobisher Street, Osborne Park, offered via Expressions of Interest closing Thu, 5 Dec at 4pm AWST.
This rare Green Title property is a unique investment opportunity leased to Parkside Towbars Pty Ltd (since 2010) a subsidiary of the ASX-listed Amotive Limited.
Located in the heart of Osborne Park, this high-exposure asset offers buyers the chance to secure prime real estate in a highly sought-after commercial area with great development and/or value add potential
Property areas:
• 1,214sqm* site area with 20m* frontage
• 414sqm* brick and metal clad showroom/office/workshop
• 100m2* freestanding rear shed for additional storage
Property features:
• 242sqm* brick facade showroom with reception/front counter, lunch room. LED lighting as well as ample natural light and 4 roller door access points
• Adjoining 172sqm workshop with sliding door access, 3-phase power and single toilet
• Free-standing rear shed great for overflow storage with further bitumen laydown and storage areas
Location
The property sits in Osborne Park's premium commercial precinct, positioned on Frobisher Street, a key link to Scarborough Beach Road and Hutton Street. Osborne Park offers diverse retail and commercial services, anchored by Westfield Innaloo, with a mix of warehousing, office, and showroom developments, particularly in the Herdsman area. Once primarily industrial, Osborne Park has evolved through private investment to a balanced blend of industrial, large-format retail, and office spaces.
Tenancy details
Tenant: Parkside Towbars Pty Ltd ( ACN 103 851 770) a subsidiary of Amotive Limited (formerly GUD Holdings Limited) ASX listed for over 60 years and is included in the S&P ASX200 Index
Use: Towbar Installations, sale of automotive accessories and ancillary uses
Lease commencement: 11 Aug 2010
Current term: 3-year lease (11 Aug 2022 to 10 Aug 2025)
Options: 3-years (11 Aug 2025 to 10 Aug 2028)
Current rent: $105,336 net + outgoings + GST
Annual increases:
CPI on the anniversary of the commencement
Market Review at Option (11 August 2025)
Outgoings:
• Council rates - $5,150.73
• Water rates - $566.95
• Land tax - $9,104.40
• Building insurance - $4,275.00
This property represents an excellent opportunity for investors seeking a high-profile asset with potential growth and development upside in Perth's most premium commercial precinct.
Expressions of Interest for the property will close on Thu, 5 Dec at 4pm AWST. The Seller retains the right to accept an offer prior to the EOI closing date on terms acceptable to them.
For further information or to arrange an inspection please contact:
Tom Jones
RWC WA
0478 771 117
tom.jones@raywhite.com
Lachlan Burrows
RWC WA
0499 552 296
lachlan.burrows@raywhite.com
*Approx
This rare Green Title property is a unique investment opportunity leased to Parkside Towbars Pty Ltd (since 2010) a subsidiary of the ASX-listed Amotive Limited.
Located in the heart of Osborne Park, this high-exposure asset offers buyers the chance to secure prime real estate in a highly sought-after commercial area with great development and/or value add potential
Property areas:
• 1,214sqm* site area with 20m* frontage
• 414sqm* brick and metal clad showroom/office/workshop
• 100m2* freestanding rear shed for additional storage
Property features:
• 242sqm* brick facade showroom with reception/front counter, lunch room. LED lighting as well as ample natural light and 4 roller door access points
• Adjoining 172sqm workshop with sliding door access, 3-phase power and single toilet
• Free-standing rear shed great for overflow storage with further bitumen laydown and storage areas
Location
The property sits in Osborne Park's premium commercial precinct, positioned on Frobisher Street, a key link to Scarborough Beach Road and Hutton Street. Osborne Park offers diverse retail and commercial services, anchored by Westfield Innaloo, with a mix of warehousing, office, and showroom developments, particularly in the Herdsman area. Once primarily industrial, Osborne Park has evolved through private investment to a balanced blend of industrial, large-format retail, and office spaces.
Tenancy details
Tenant: Parkside Towbars Pty Ltd ( ACN 103 851 770) a subsidiary of Amotive Limited (formerly GUD Holdings Limited) ASX listed for over 60 years and is included in the S&P ASX200 Index
Use: Towbar Installations, sale of automotive accessories and ancillary uses
Lease commencement: 11 Aug 2010
Current term: 3-year lease (11 Aug 2022 to 10 Aug 2025)
Options: 3-years (11 Aug 2025 to 10 Aug 2028)
Current rent: $105,336 net + outgoings + GST
Annual increases:
CPI on the anniversary of the commencement
Market Review at Option (11 August 2025)
Outgoings:
• Council rates - $5,150.73
• Water rates - $566.95
• Land tax - $9,104.40
• Building insurance - $4,275.00
This property represents an excellent opportunity for investors seeking a high-profile asset with potential growth and development upside in Perth's most premium commercial precinct.
Expressions of Interest for the property will close on Thu, 5 Dec at 4pm AWST. The Seller retains the right to accept an offer prior to the EOI closing date on terms acceptable to them.
For further information or to arrange an inspection please contact:
Tom Jones
RWC WA
0478 771 117
tom.jones@raywhite.com
Lachlan Burrows
RWC WA
0499 552 296
lachlan.burrows@raywhite.com
*Approx
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Contact Tom Jones
Tom Jones
77 Frobisher Street, Osborne Park WA 6017
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Tom Jones
77 Frobisher Street, Osborne Park WA 6017