Secure your foothold in one of Perth's highest-demand commercial zones with this rare, fully leased, high-exposure property. Positioned directly opposite Westfield Carousel, WA's largest shopping centre, with frontage on the main arterial Cecil Avenue and just 1-minute drive to Albany Highway, this 38m2 ground-floor suite offers exceptional visibility, consistent foot traffic, and a low-maintenance income stream.Whether you're a savvy investor seeking strong net returns or a strategic buyer eyeing long-term capital growth, this versatile property ticks all the boxes.Property Summary:* Net Lettable Area: 38m2* 2025 Rent Review to be Exercised: Your opportunity to adjust rental in a high demand location* Leased: Long-term tenants with fantastic returns.* Lease Term: July 2024 - July 2027 with further 2-year option.* Annual Rent Reviews: Locked in for built-in growth.Highlights & Features:* Prime Position - Front and Centre Across from Major Shopping Centre.* High-traffic intersection, exceptional exposure to passing cars and pedestrians.* Surrounded by national retailers, professional services, medical, and education uses.* Excellent signage potential for tenant or business branding.* Easy walk to public transport, with direct access to Albany Highway.* Secure Tenancy in Place.* Recently signed lease with strong tenant profile.* Low vacancy risk and tenant contributing the majority toward outgoings.* Flexible Future Potential.* Ideal for long-term leasing to multiple sectors.* Could suit future owner-occupier use or boutique retail with minimal refurbishment.* Convenient On-Site and Surrounding Parking.* Multiple parking bays at front and rear of the complex for both clients and staff.Outgoings (Annual):Strata Admin Fund: $1,840.01Council Rates: $1,781.89Water Charges: $1,555.16Total: $5,177.06 p.a.Location Snapshot:* Albany Highway - 1 minute drive* Westfield Carousel - 100m* Cannington Train Station - 1.2km* Curtin University - 4.5km* Perth CBD - 11kmPositioned within the Cannington Strategic Metropolitan Centre, the area is supported by infrastructure upgrades, high-density residential growth, and long-term retail demand.Zoning:Commercial under City of Canning Planning SchemeAsking Price:For Sale: Mid-$400k'sThis is an ideal commercial asset for investors seeking a low-risk, high-visibility foothold in a thriving urban centre. With rental upside, a quality tenant, and irreplaceable positioning, this won't last long.For more information or to arrange an inspection, contact the exclusive sales agent Oliver Sim at 0493 985 859 or oliver@sellingkey.com.au.Disclaimer:The information provided is for general purposes only and is based on details supplied by the seller. While every effort has been made to ensure its accuracy, no guarantee or warranty is given. Interested parties are advised not to rely solely on this information and should conduct their own independent inquiries to verify all details.
The size of Cannington is approximately 4.1 square kilometres. There are 21 parks, covering nearly 23.2% of the total area. The population of Cannington in 2016 was 5929 people. By 2021 the population was 6875 showing a population growth of 16.0% in the area during that time. The predominant age group in Cannington is 20-29 years. Households in Cannington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cannington work in a professional occupation.In 2021, 39.90% of the homes in Cannington were owner-occupied compared with 44.80% in 2016.
Cannington has 4,285 properties. Over the last 5 years, Houses in Cannington have seen a 109.99% increase in median value, while Units have seen a 119.67% increase. As at 31 May 2026:
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