Secure Leased Investment with Established Tenant
190 The Esplanade, Scarborough, Western Australia 6019
Retail For Sale
Land Area: 395.00 m2. Floor Area: 323.00 m2.
Colliers International is pleased to oﬀer a premium investment opportunity located at 190 The Esplanade, Scarborough, Western Australia.
Lot 80, 190 The Esplanade, Scarborough occupies a prominent position on the WA coast, with an excellent outlook towards the Indian Ocean.
Key details of this investment opportunity are as follows:
• High spec restaurant strata unit constructed in 2010
• Total strata area of 395 sqm
• Ground floor retail tenancy of 323 sqm
• Additional storage space of 30 sqm (exclusive use)
• 5 secure undercover car bays within strata building
• Visitor parking is abundant at the door, providing ease of access for customers.
• The popular restaurant runs continuous trade for breakfast, lunch and dinner and benefits from its alfresco area overlooking the coast
• Substantial return with the majority of income attributed to the ten year lease to ‘The Wild Fig’ restaurant
• Restaurant leased until August 2025 with annual CPI rent reviews and a further 10 year option
The property is situated in the popular coastal Scarborough precinct, which is approx. 10km north west of the Perth CBD and is known for its beach-front dining and entertainment.
For Sale by Offers to Purchase closing Friday 6 July 2018 at 2pm WST.
Contact Tory or Tim for more information today.
- Excellent Ocean Outlook
- Leased to ‘The Wild Fig’ Restaurant
- Long Term Lease to 2025
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