Long term Investment opportunity

Owning 9 Belmont Avenue in Belmont is probably the most rewarding way of ”Land Banking ” a strategically located property while getting a fair return on the investment.

Location , Location , Location!

1,619 m2 Block with established Restuarant premises of 450 m2.
25 Car Parking Bays
Located approx 200m from Great Eastern Highway and 100m diagionally across from iFLY Perth, internal Skydiving Centre !

This property is a well established Hospitality Venue, currently tenanted by a successful Pakistani Restaurant called Riwayat Restaurant, it has a 4.5 Star Google rating from over 1,336 reviews !

The tenant has just exercised a 3 year Option on his lease and has one more 3 year Option with a CPI rent review.

This property has the potential to be redeveloped in the future and to maximise the plot ratio by going up to 5 or 6 levels. Approval from the City of Belmont will be required.
The potential is very impressive.
The current tenant pays on time and covers the other costs too. The Outgoings are approx $25,150 p.a. + GST and the current net rent is $80,056.00 p.a. + GST.

Investing in this location is a prime opportunity for long term Investors.

Full details are available by contacting Robbie Doyle on 0422 978 478 | robbie.doyle@professionalsmc.com.au

Professionals MC Commercial, we are a Commercial Agency specialising in the Sale and Leasing of all types of Commercial properties including the sale of Businesses.

Property ID: 1328395