Premium Freehold Investment Opportunity

23 Bay View Terrace, Claremont, Western Australia 6010

Retail For Sale

Offers
Land Area: 324.00 m2.    Floor Area: 359.00 m2.    

Description

Colliers International is pleased to present for sale 23 Bay View Terrace, Claremont, a rare opportunity for the strategic property investor or developer to purchase a landmark building in this superb, tightly held western suburbs location.

The property offers a long standing, blue chip tenant with a substantial income plus frontages to Bay View Terrace and St Quentin Avenue offering a range of future possibilities including the redevelopment of the site or dividing the building into smaller tenancies.

LOCATION
The property is positioned on the corner of Bay View Terrace and St Quentin Avenue, in one of Perth’s popular and prestigious retail precincts and is with close proximity to the Claremont Quarter with easy access to public transport and ample car parking amenity.

TENANCY
The property has been leased to the Commonwealth Bank of Australia since 1935 with a current net rental income of $618,488 per annum. Please refer to the selling agents for further lease details.

LAND DETAILS
Land area: 324 square metres
Frontage to Bay View Terrace: 9.15 metres
Frontage to St Quentins Avenue: 34.39 metres

IMPROVEMENTS
The property consists of a two level retail banking outlet with an approximate building area of 359 square metres and includes a ground level retail banking area, first floor offices and staff amenities.

METHOD OF SALE
The property is being sold by ‘Offers Invited’ closing Wednesday 31 July at 2pm WST.

Features

  • Leased to CBA since 1935
  • Current Rent $618,488 p/a
  • Prominent Corner Position
  • Perth Premier Retail Precinct

Map

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