Industrial In Western Australia, Australia (MD12775643)
Raine & Horne Commercial are pleased to present to the market this landmark development site, located at 60 Belmont Avenue Rivervale Western Australia, which is being offered for sale as a leased asset until 20th August 2019, providing the buyer with a substantial rental income stream during the development approval and marketing stages of the new development. The tenant's vacation at the expiry of the lease to a purpose built facility unlocks this unique landholding and provides the astute developer with the opportunity to fully capitalise on the property's vast underlying potential. 60 Belmont Avenue is strategically located within the City of Belmont, approximately 6.5 kilometres from the Perth Central Business District and within close proximity to the Swan River, Perth Airport and Belmont Forum Shopping Centre, and holds a prominent position on Belmont Avenue, near Francisco Street. The property will be sold unencumbered (except for the lease) and is green titled with a total land area of 13,936sqm. The sale of 60 Belmont Avenue truly provides a unique opening for developers to deliver a substantial and iconic landmark project in this growth corridor of Perth. ZONING SUMMARY The property is zoned "Mixed Business" under the City of Belmont's Town Planning Scheme No. 15. LEASE SUMMARY Lessee: Boral Window Systems Limited Lease Term: Expires 20th August 2019 Annual Rent: $760,230 plus outgoings and GST Reviews: 21 August 2018: CPI Sale: $9,395,000 (plus GST if applicable) FURTHER DETAILS / INSPECTION Inspections are by appointment only and to arrange an inspection or to receive a copy of the Information Memorandum, please contact the Exclusive Selling Agents.
* Price: 9,395,000 AUD (~ $ 6,920,300 USD)
Date & Time Listed: 2018-05-14 11:01:57 GMT
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