16 North Street

Cottesloe WA 6011

Set on 769 square metres in a prime, corner street location with dual street frontages to North and Elizabeth streets the existing building provides 3 bedrooms and an attached 70 square metre shop with a commercial kitchen and retail shopfront. Ample off street access and parking is provided off Elizabeth street. Zoned Residential R20 the shop is operating as an allowable 'additional use' subject to certain conditions under the Town of Cottesloe's Local Planning Scheme No.3.
The property is currently leased on a formal commercial lease expiring on 31st of October 2017. The rent is approximately $28,212.96 net plus GST with the tenant paying outgoings such as the rates and taxes associated with the property with the exception of property management fees. Further information regarding the existing tenancy and the lease is available upon request.
Kindly note that the current lease contains a redevelopment clause permitting the owner of the property to terminate the lease by giving not less than 6 months' notice to the tenant if the owner decides to redevelop, remodel, modernise, refurbish or demolish the property.
Property particulars : Total Area 769 square metres, Local Authority Town of Cottesloe, Water Rates $1089.15 15/16,, Council Rates $3042.27 15/16.
This is a rare and exciting opportunity to purchase a unique property ideally situated in Western Australia's most sought after coastal suburb.
A property for today and tomorrow, make it yours!
Jayson Renouf B.Bus 0412 597 586
'Residential Marketing Excellencenjayson@renoufrealestate.com