Secure Leased Investment with Established Tenant

190 The Esplanade, Scarborough, Western Australia 6019

Retail For Sale

Offers
Land Area: 395.00 m2.    Floor Area: 323.00 m2.    

Description

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.

Features

  • Excellent Ocean Outlook
  • Leased to ‘The Wild Fig’ Restaurant
  • Long Term Lease to 2025

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.