5/21 Dance Drive

Middle Swan WA 6056

Strata-Titled Shopping Complex For the first time in over two decades, the Middle Swan Shopping Centre at 21 Dance Drive, Middle Swan is being offered to the market, presenting a rare and compelling investment opportunity. Astute investors will immediately recognise the flexibility on offer, with the option to acquire the entire neighbourhood shopping complex, or purchase Lot 5. Comprising five strata units, this asset provides both scale and versatility in a tightly held location. The centre is well-positioned to benefit from ongoing population growth in the surrounding area and is anchored by a strong mix of established, destination-based tenants generating consistent foot traffic and reliable income streams. Four of the five tenancies are currently leased. Businesses within the complex include a bottle shop (Lot 5), fish and chips, pizza, and catering services. Zoned 'General Commercial,' the property supports a wide range of permitted uses, providing significant upside and future flexibility. Potential uses (subject to City of Swan approval) include, but are not limited to, medical centre, consulting rooms, fast food or restaurant, showroom, lunch bar, garden centre, and more. The property sits on a substantial 2,649sqm landholding, with a combined building area of 586sqm. It benefits from excellent accessibility, with ingress and egress available from three roads. This is a rare chance to secure a single strata lot within a tightly held precinct, offering immediate incomeTitle Details: Lot 5, Strata Plan 45964, Vol 2621, Fol 432Zoning: LPS17 General Commercial Annual Rent: Approx $98,327 net per annum Outgoings: Approx $27,420 per annum + GST paid by tenants as per the leaseTerm: 144 months (1/09/2022 - 31/08/2034), plus 60 months plus 36 months OptionsFor more information or to visit the property contact Mike palmer 0403 621 899, mike@repcommercial.com.au