2/398 South Street, O'Connor WA
Contact Agent
Retail / commercial
3175 sqm
675 sqm
AGENT INFORMATION
- Jonathan Kilborn
- PRINCIPALLICENSEE
- 08 9386 9981
- 0404 796 137
- Con Passaris
- PRINCIPAL
- 9386 9981
- 0412 004 374
Property Description
The subject property is situated with in minutes of Murdoch University and boasts a corner position with direct exposure to South Street.
City Centre zoning, Ideal for a Developer or Owner Occupier , this property is currently operating as a Tavern which is Leased until 2 December 2029 + a 5 Year option, there is a redevelopment Clause at the Commencement of the option period being 3 December 2029.
This is a fantastic opportunity for an astute business person to capitalise on the following key features:
• Tavern License with operating business and TAB
• Past DA Approved for 27 Multiple Dwellings
• Large fully equipped kitchen and bar
• Multiple beers taps and keg room that are fully owned
• Covered alfresco area
• Lease until 2 December 2029 + a 5 Year option
• 65 onsite Car bays
Land Area: 3,175 sqm
Building Area: 679.29 sqm Tavern + a 50 sqm drive Through Coffee Shop sqm
Lease: Expires 2 December 2029 + 5 Year option
Net Rent: $256,250 pa + GST
Reviews: 2.5% annually with market at option with a Ratchet clause
Outgoings: Fully Recoverable including management fees
Price: All Offers Invited
Available: Now
Call Jonathan or Con today for a copy of the IM report or to organise an inspection.
For more information or to arrange an inspection, please contact us today.
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